Regal Partners Holdings Limited (1575.HK) Q4 2024: 1575 Hk

Executive Summary

Regal Partners reported QQ4 2024 revenue of 22.21 million CNY, down 55.0% year-over-year from 49.36 million CNY in QQ4 2023, with a gross margin of 17.1% and gross profit of 3.79 million CNY. Despite a substantially negative operating profitability metric (EBITDA -48.77 million CNY; operating loss -44.08 million CNY), the quarter delivered a positive net income of 2.33 million CNY driven primarily by 45.92 million CNY of other income. This implies a highly non-operational earnings mix in the quarter rather than sustainable operating strength. The company posted negative operating cash flow (-9.19 million CNY) and negative free cash flow (-9.55 million CNY) despite negligible debt, suggesting limited near-term liquidity visibility if operating earnings do not improve. The disparate mix—operating losses alongside a large non-operating uplift—highlights a fragile core business that requires meaningful top-line growth and SG&A leverage to achieve sustainable profitability. Management commentary is not captured in the provided transcript data, limiting visibility into strategic clarity around revenue normalization and cost discipline.

Key Performance Indicators

Revenue

22.21M

QoQ: 0.00% | YoY:-55.01%

Gross Profit

3.79M

17.09% margin

QoQ: 0.00% | YoY:-82.71%

Operating Income

-44.08M

QoQ: 0.00% | YoY:-45.64%

Net Income

2.33M

QoQ: 0.00% | YoY:142.59%

EPS

0.00

QoQ: 0.00% | YoY:145.00%

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Revenue: 22.21m CNY (Q4 2024); YoY change: -55.0%; QoQ change: 0.0% (per reported data). GrossProfit: 3.79m CNY; GrossMargin: 17.1%.
OperatingExpenses: 66.29m CNY; SG&A: 47.88m CNY; EBITDA: -48.77m CNY; OperatingIncome: -44.08m CNY; OperatingMargin: -1.99%.
TotalOtherIncomeNet: 45.92m CNY; IncomeBeforeTax: 1.83m CNY; IncomeTaxExpense: 0.033m CNY; NetIncome: 2.33m CNY; NetMargin: 10.48%.
EPS: 0.0009 CNY; WeightedAvgShares: 2,738,235,294.
CashFlow: OperatingCashFlow: -9.19m CNY; Capex: -0.36m CNY; FreeCashFlow: -9.55m CNY; CashAtPeriodEnd: not disclosed. Current/quick/cash ratios listed as 0 in the dataset (likely placeholder values).
Valuation cues: Price-to-Sales ~7.06x; Price-to-Earnings ~16.85x (based on latest quarter metrics).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	22.21M	-55.01%	0.00%
Gross Profit	3.79M	-82.71%	0.00%
Operating Income	-44.08M	-45.64%	0.00%
Net Income	2.33M	142.59%	0.00%
EPS	0.00	145.00%	0.00%

Key Financial Ratios

grossProfitMargin

17.1%

operatingProfitMargin

-198.5%

netProfitMargin

10.5%

priceEarningsRatio

16.85

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
1575.HK Focus	17.09%	-1.99%	0.00%	16.85%
1536.HK	19.30%	-19.90%	-5.35%	-1.36%
1572.HK	25.30%	9.49%	-0.08%	-42.25%
1581.HK	8.91%	6.01%	3.74%	1.29%
1526.HK	45.60%	24.90%	15.80%	2.20%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	41.92	-0.01	+88.7%	View
Q1 2025	20.96	0.00	-44.2%	View
Q4 2024	22.21	0.00	-55.0%	View
Q3 2024	22.21	0.00	-55.0%	View

Regal Partners Holdings (1575.HK) Q4 2024 Earnings Report

Earnings Highlights

Regal Partners Holdings Limited (1575.HK) QQ4 2024 Results — Revenue Decline Amid Margin Pressure; Non-Operational Income Fuels Net Profit in a Weak Operating Framework

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Regal Partners Holdings (1575.HK) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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