Executive Summary
In QQ1 2025, International Business Digital Technology Limited (1782.HK) reported revenue of CNY 21.17 million and a gross profit of CNY 10.58 million, yielding a gross margin of 49.96%. Despite a roughly flat year-on-year top line (YoY revenue +0.56%), the quarter saw a sharp sequential decline (-31.63% QoQ) versus the prior quarter. The company posted an operating loss of CNY 16.96 million and a net loss of CNY 16.69 million, with EBITDA of -16.02 million and an EBITDA margin of -75.66%. The cost base remained elevated, with R&D at CNY 9.95 million, G&A at CNY 12.38 million, and Selling/SG&A at CNY 5.28 million, driving total operating expenses of CNY 27.53 million against revenue. This signals a heavy investment phase focused on platform development and geographic expansion, but also indicates a cash burn profile that investors should monitor closely.
The quarterly performance underscores a classic growth-stage SaaS profile: robust gross margins on revenue generation, offset by substantial overhead that suppresses profitability at the current scale. The company operates across Mainland China, Taiwan, and Hong Kong, with platforms including APM Vista SaaS, NetVista, and Trade QoS. The ability to translate product development and multi-geo expansion into meaningful ARR growth and sustainable margins will be critical to a favorable longer-term trajectory. Without available balance sheet and cash flow details in this dataset, liquidity assessment remains constrained, and the focus for investors should be on the path to profitability, cost discipline, and visibility into recurring revenue streams.
Key Performance Indicators
QoQ: -23.72% | YoY:18.48%
QoQ: -27.20% | YoY:21.23%
Key Insights
Revenue: 21,168,500 (CNY) | YoY +0.56%, QoQ -31.63%
Gross Profit: 10,575,000 | Gross Margin 49.96% | YoY +18.48%, QoQ -23.72%
Operating Income: -16,959,500 | Margin -80.12% | YoY +21.23%, QoQ -27.20%
EBITDA: -16,017,000 | EBITDA Margin -75.66%
Total Other Income/Expenses: 271,000
Income Before Tax: -16,688,500 | Margin -78.84%
Income Tax: 2,500
Net Income: -16,690,999 | Net Margin -78.85%
EPS (Diluted): -0.0218
Weighted Avg Shares (out): 766,585,636 (approx.)
YoY Revenue: +0.56% | QoQ Revenue: -...
Financial Highlights
Revenue: 21,168,500 (CNY) | YoY +0.56%, QoQ -31.63%
Gross Profit: 10,575,000 | Gross Margin 49.96% | YoY +18.48%, QoQ -23.72%
Operating Income: -16,959,500 | Margin -80.12% | YoY +21.23%, QoQ -27.20%
EBITDA: -16,017,000 | EBITDA Margin -75.66%
Total Other Income/Expenses: 271,000
Income Before Tax: -16,688,500 | Margin -78.84%
Income Tax: 2,500
Net Income: -16,690,999 | Net Margin -78.85%
EPS (Diluted): -0.0218
Weighted Avg Shares (out): 766,585,636 (approx.)
YoY Revenue: +0.56% | QoQ Revenue: -31.63%
Note: All figures in CNY.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
21.17M |
0.56% |
-31.63% |
| Gross Profit |
10.58M |
18.48% |
-23.72% |
| Operating Income |
-16.96M |
21.23% |
-27.20% |
| Net Income |
-16.69M |
13.39% |
8.60% |
| EPS |
-0.02 |
14.17% |
8.79% |
Management Commentary
Transcript data not provided in the supplied dataset. No management quotes or transcript-derived themes available to extract insights from an earnings call.
Transcript data unavailable in the provided dataset.
— N/A
Transcript data unavailable in the provided dataset.
— N/A
Forward Guidance
No formal forward guidance was provided in the dataset. Given the current profitability profile, management commentary (if disclosed externally) would likely emphasize revenue growth opportunities from the APM Vista SaaS, NetVista, and Trade QoS platforms, with potential focus on ARR expansion, customer retention, and monetization of cross-geo deployments. Investors should monitor: (1) trajectory of recurring revenue and ARR, (2) cost discipline and headcount-related opex, (3) gross margin progression as product mix and scale improve, (4) cash runway and liquidity indicators, and (5) any management-provided milestones for monetization or strategic partnerships in Mainland China, Taiwan, and Hong Kong.