Maiyue Technology Ltd (2501.HK)

Technology | Information Technology Services
Income Statement (Quarterly) 2026-04-07 2025-06-30 2025-03-31 2024-12-31
Revenue 24,083,000 24,083,000 12,041,500 126,341,000
Cost of Revenue 17,399,000 17,399,000 8,699,500 95,969,500
Gross Profit 6,684,000 6,684,000 3,342,000 30,371,500
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 13,586,000 13,586,000 6,793,000 18,487,000
Operating Expenses 7,811,000 7,811,000 3,905,500 18,560,500
Operating Income -1,127,000 -1,127,000 -563,500 11,811,000
Interest Expense 0 7,189,000 0 0
Income Before Tax -9,705,000 -9,705,000 -4,852,500 8,118,499
Income Tax Expense 971,000 971,000 485,500 547,500
Net Income -10,545,000 -10,545,000 -5,272,500 7,662,500
Per Share
EPS -0.02 -0.02 -0.01 0.02
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31
Revenue 274,722,000 259,085,000 243,255,000
Cost of Revenue 206,149,000 173,645,000 138,624,000
Gross Profit 68,573,000 85,440,000 104,631,000
Operating Expenses
R&D Expenses 0 0 0
SG&A Expenses 32,028,000 48,821,000 17,078,000
Operating Expenses 56,917,000 47,858,000 34,391,000
Operating Income 11,656,000 37,582,000 65,192,000
Interest Expense 12,082,000 10,484,000 8,907,000
Income Before Tax -1,757,000 27,386,000 56,197,000
Income Tax Expense -1,867,000 4,739,000 7,141,000
Net Income 433,000 22,881,000 48,774,000
Per Share
EPS 0.00 0.06 0.10
EPS Diluted 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31
Assets
Cash and Cash Equivalents 40,497,000 47,808,000 62,601,000
Short Term Investments 74,037,000 120,296,000 0
Net Receivables 539,343,000 345,943,000 0
Inventory 4,002,000 2,958,000 4,460,000
Total Current Assets 584,723,000 523,157,000 449,995,000
Property Plant Equipment 9,933,000 11,169,000 15,942,000
Goodwill and Intangibles 15,808,000 13,762,000 10,754,000
Total Assets 691,033,000 600,132,000 482,211,000
Liabilities
Account Payables 75,387,000 43,551,000 46,448,000
Short Term Debt 222,805,000 136,815,000 86,478,000
Total Current Liabilities 370,251,000 230,798,000 228,708,000
Long Term Debt 535,000 47,811,000 72,000,000
Total Liabilities 371,672,000 281,419,000 302,768,000
Shareholders Equity
Retained Earnings 0 237,221,000 0
Total Shareholders Equity 318,195,000 316,978,000 177,474,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31
Assets
Cash and Cash Equivalents 40,497,000 47,808,000 62,601,000
Short Term Investments 74,037,000 120,296,000 0
Net Receivables 539,343,000 345,943,000 0
Inventory 4,002,000 2,958,000 4,460,000
Total Current Assets 584,723,000 523,157,000 449,995,000
Property Plant Equipment 9,933,000 11,169,000 15,942,000
Goodwill and Intangibles 15,808,000 13,762,000 10,754,000
Total Assets 691,033,000 600,132,000 482,211,000
Liabilities
Account Payables 75,387,000 43,551,000 46,448,000
Short Term Debt 222,805,000 136,815,000 86,478,000
Total Current Liabilities 370,251,000 230,798,000 228,708,000
Long Term Debt 535,000 47,811,000 72,000,000
Total Liabilities 371,672,000 281,419,000 302,768,000
Shareholders Equity
Retained Earnings 0 237,221,000 0
Total Shareholders Equity 318,195,000 316,978,000 177,474,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31
Operating Activities
Net Income -1,757,000 22,881,000 56,197,000
Depreciation & Amortization 10,308,000 8,206,000 8,138,000
Stock Based Compensation 0 0 0
Change in Working Capital -39,568,000 -180,352,000 -58,220,000
Operating Cash Flow 3,043,000 -142,200,000 10,114,000
Investing Activities
Capital Expenditure -35,473,000 -12,490,000 -15,595,000
Investments -24,943,000 -3,301,000 -15,595,000
Investing Cash Flow -38,914,000 -9,756,000 -17,921,000
Financing Activities
Debt Repayment 39,225,000 25,357,000 -75,011,000
Common Stock Issued/Repurchased 0 135,402,000 0
Dividends Paid 0 0 0
Financing Cash Flow 28,569,000 138,899,000 21,252,000
Summary
Free Cash Flow -32,430,000 -154,690,000 -5,481,000
Net Change in Cash -7,311,000 -14,793,000 13,445,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31
Operating Activities
Net Income -1,757,000 22,881,000 56,197,000
Depreciation & Amortization 10,308,000 8,206,000 8,138,000
Stock Based Compensation 0 0 0
Change in Working Capital -39,568,000 -180,352,000 -58,220,000
Operating Cash Flow 3,043,000 -142,200,000 10,114,000
Investing Activities
Capital Expenditure -35,473,000 -12,490,000 -15,595,000
Investments -24,943,000 -3,301,000 -15,595,000
Investing Cash Flow -38,914,000 -9,756,000 -17,921,000
Financing Activities
Debt Repayment 39,225,000 25,357,000 -75,011,000
Common Stock Issued/Repurchased 0 135,402,000 0
Dividends Paid 0 0 0
Financing Cash Flow 28,569,000 138,899,000 21,252,000
Summary
Free Cash Flow -32,430,000 -154,690,000 -5,481,000
Net Change in Cash -7,311,000 -14,793,000 13,445,000