Executive Summary
Huaibei GreenGold Industry Investment Co Ltd reported Q4 2024 results that show a mixed picture. Revenue for the quarter was 62.708 million CNY, delivering a gross profit of 21.676 million CNY and a gross margin of 34.57%. Operating income stood at 15.033 million CNY with an EBITDA of 37.974 million CNY, yet the company posted a net loss of 7.147 million CNY and a negative net income margin of 11.40%. The year/quarterly comparisons indicate meaningful margin pressure and earnings deterioration: revenue fell YoY by 9.83%, gross profit declined 23.13% YoY, and operating income declined 55.02% YoY, while net income plunged about 167.9% YoY. Despite the bottom-line setback, Huaibei GreenGold generated solid operating cash flow of 58.086 million CNY and a free cash flow of 55.791 million CNY, underscoring strong cash generation from operations and favorable working capital dynamics in Q4. The balance sheet remains leverage-heavy, with total debt of 1.36 billion CNY against cash and cash equivalents of 321.4 million CNY and total equity of 469.7 million CNY, yielding a high debt load (debt-to-equity ~2.9, long-term debt-to-capitalization ~0.724). The business exhibits a very low inventory cycle and high EBITDA margin, but the company remains unprofitable at the net level and faces an elevated risk from leverage and cyclicality in construction demand. Management commentary (where available) is not captured in the provided transcript data, limiting qualitative quotes for this quarter. Investors should monitor deleveraging progress, working capital efficiency, and any capex-driven growth initiatives that could translate robust operating cash flow into sustained earnings and free cash flow.
Key Performance Indicators
QoQ: 0.00% | YoY:-167.87%
QoQ: 0.00% | YoY:-170.94%
Key Insights
Revenue: 62.708 million CNY (Q4 2024); Gross Profit: 21.6765 million CNY; Gross Margin: 34.57% ; Operating Income: 15.0330 million CNY; Operating Margin: 23.97%; EBITDA: 37.9743 million CNY; EBITDA Margin: 60.56%; Net Income: -7.1470 million CNY; Net Margin: -11.40%; EPS: -0.0271 CNY; YoY Revenue: -9.83%; YoY Gross Profit: -23.13%; YoY Operating Income: -55.02%; YoY Net Income: -167.87%; YoY EPS: -170.94%; Free Cash Flow: 55.7910 million CNY; Operating Cash Flow: 58.0860 million CNY; Cash & ...
Financial Highlights
Revenue: 62.708 million CNY (Q4 2024); Gross Profit: 21.6765 million CNY; Gross Margin: 34.57% ; Operating Income: 15.0330 million CNY; Operating Margin: 23.97%; EBITDA: 37.9743 million CNY; EBITDA Margin: 60.56%; Net Income: -7.1470 million CNY; Net Margin: -11.40%; EPS: -0.0271 CNY; YoY Revenue: -9.83%; YoY Gross Profit: -23.13%; YoY Operating Income: -55.02%; YoY Net Income: -167.87%; YoY EPS: -170.94%; Free Cash Flow: 55.7910 million CNY; Operating Cash Flow: 58.0860 million CNY; Cash & Equivalents: 321.426 million CNY; Total Debt: 1,360.00 million CNY; Net Debt: 1,038.574 million CNY; Cash Conversion Cycle: -50.60 days; Current Ratio: 1.592; Quick Ratio: 1.588; Cash Ratio: 0.877; Debt to Equity: 2.90; Price to Book: 0.98; EV/EBITDA: 39.43; ROE: -1.52%; ROA: -0.29%
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
62.71M |
-9.83% |
0.00% |
| Gross Profit |
21.68M |
-23.13% |
0.00% |
| Operating Income |
15.03M |
-55.02% |
0.00% |
| Net Income |
-7.15M |
-167.87% |
0.00% |
| EPS |
-0.03 |
-170.94% |
0.00% |
Key Financial Ratios
operatingProfitMargin
24%
priceEarningsRatio
-16.05
Management Commentary
No earnings call transcript data was provided for QQ4 2024, therefore quotes from management and thematic quotes are not available in this dataset. If a transcript becomes accessible, quotes can be integrated here by theme (strategy, operations, market conditions) with context and significance.
Forward Guidance
Management did not publish formal forward guidance in the provided data. However, the QQ4 2024 results imply a company generating meaningful operating cash flow despite a negative bottom line. The near-term guidance would likely hinge on: (1) deleveraging and balance sheet optimization given total debt of 1.36 billion CNY and high leverage metrics (Debt/Equity ~2.9, Long-Term Debt to Capitalization ~0.724); (2) sustaining working capital efficiency to support cash flow conversion; (3) deploying cash flow toward capex that can improve margins or capacity utilization; and (4) stabilizing revenue through demand in construction materials tied to infrastructure cycles in China. Investors should monitor management commentary on capex plans, debt reduction timelines, and any price/mix changes in aggregate, readymixed concrete, cement-stabilized macadam, and related products, as these will influence margin resilience and cash generation in 2025.