Yida China Holdings (3639.HK) Q1 2025 Earnings Report

Yida China’s QQ1 2025 results show a sharp year-over-year and quarter-over-quarter decline in revenue, with a modest operating profit but a pronounced net loss driven by substantial other expenses. Revenue reached 350.20 million CNY, down 50.1% year-over-year and 58.8% quarter-over-quarter. Gross profit was 49.85 million CNY, yielding a gross margin of 14.23%. Operating income stood at 10.51 million CNY (operating margin 3.00%), while EBITDA was 12.83 million (EBITDA margin 3.66%). The net result was a substantial loss of 387.77 million CNY for the quarter, as total other income/expensesNet swung to -364.68 million CNY, overwhelming operating profitability and tax contributions (income before tax of -354.17 million CNY and income tax expense of 35.01 million CNY).

The disparity between EBITDA/operating income and net income indicates material non-operating or one-off charges in QQ1 2025. Absent more granular disclosure, the key takeaway is that the quarter’s bottom-line deterioration was primarily driven by this line item rather than operating profitability alone. Management commentary was not provided in the material supplied; as a result, the forward-looking view relies on the reported trajectory, the macro backdrop for China’s property sector, and typical industry dynamics. Near-term sentiment hinges on stabilization of policy support, project execution, and discipline on both costs and working capital.