Executive Summary
Dida Inc delivered a solid cash-generative quarter in QQ4 2024, with revenue of 191.54 million CNY and a robust gross margin of 70.70%. Despite a year-over-year revenue decline of 8.55%, the company maintained a positive bottom line, posting net income of 28.23 million CNY and basic earnings per share of 0.0286. Operating cash flow reached 52.51 million CNY, driving free cash flow to 52.30 million CNY and leaving the balance sheet heavily net cash—cash and cash equivalents stood at 1.057 billion CNY against total debt of 10.08 million CNY, yielding a net debt position of -1.047 billion CNY. The strong liquidity profile supports ongoing investments in product development and monetization initiatives, even as top-line growth remains challenged on a YoY basis.
Key Performance Indicators
Key Insights
Revenue: 191.54 million CNY in Q4 2024, YoY -8.55%, QoQ 0.00%.
Gross Profit: 135.43 million CNY, Gross Margin 70.70%; YoY -10.68%, QoQ 0.00%.
Operating Income: 23.15 million CNY, Operating Margin 12.09%; YoY -35.71%, QoQ 0.00%.
Net Income: 28.23 million CNY, Net Margin 14.74%; YoY -89.16%, QoQ 0.00%.
EPS (basic): 0.0286 CNY; YoY -89.00%, QoQ 0.00%.
EBITDA: 23.83 million CNY; EBITDA Margin 12.44%.
Operating Cash Flow: 52.51 million CNY; Free Cash Flow: 52.30 million CNY.
Capex: -0.20 million CNY;...
Financial Highlights
Revenue: 191.54 million CNY in Q4 2024, YoY -8.55%, QoQ 0.00%.
Gross Profit: 135.43 million CNY, Gross Margin 70.70%; YoY -10.68%, QoQ 0.00%.
Operating Income: 23.15 million CNY, Operating Margin 12.09%; YoY -35.71%, QoQ 0.00%.
Net Income: 28.23 million CNY, Net Margin 14.74%; YoY -89.16%, QoQ 0.00%.
EPS (basic): 0.0286 CNY; YoY -89.00%, QoQ 0.00%.
EBITDA: 23.83 million CNY; EBITDA Margin 12.44%.
Operating Cash Flow: 52.51 million CNY; Free Cash Flow: 52.30 million CNY.
Capex: -0.20 million CNY; CFO/Net Income: 1.86x (positive cash flow quality).
Cash & Equivalents: 1.057 billion CNY; Total Debt: 10.08 million CNY; Net Debt: -1.047 billion CNY.
Current Ratio: 2.83; Quick Ratio: 2.83; Cash Ratio: 1.707.
ROE: 2.13%; ROA: 1.45%; Debt/Equity: 0.0076; Debt to Capitalization: 0.76%.
P/B: 1.27; P/S: 8.75; P/E: 14.85; P/FCF: 32.05; EV/Revenue: not disclosed.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
191.54M |
-8.55% |
0.00% |
| Gross Profit |
135.43M |
-10.68% |
0.00% |
| Operating Income |
23.15M |
-35.71% |
0.00% |
| Net Income |
28.23M |
-89.16% |
0.00% |
| EPS |
0.03 |
-89.00% |
0.00% |
Key Financial Ratios
operatingProfitMargin
12.1%
operatingCashFlowPerShare
$0.05
freeCashFlowPerShare
$0.05
Management Commentary
Note: The earnings transcript for QQ4 2024 was not provided in the dataset. As a result, no management quotes or call-by-call insights could be extracted for inclusion in transcript highlights. The analysis below reflects the disclosed financials and publicly available qualitative guidance where available.
Forward Guidance
No formal forward guidance was published for QQ4 2024 within the provided data. Given the cash-generative profile and ongoing investments in product development and monetization initiatives (e.g., rider/driver platforms, advertising, and Phoenix Cloud for taxi operators), the company may seek to translate operating leverage into higher profitability as revenue stabilizes or grows. Investors should monitor: (i) monetization progress from non-core revenue streams (advertising, B2B software solutions, and enterprise taxi services), (ii) regulatory developments in China's ride-hailing sector and any policy changes affecting fleet economics, and (iii) competitive dynamics among technology-driven mobility platforms. Management commentary, if disclosed in future releases, would be critical to evaluate achievability of any implied targets or strategic milestones.