Executive Summary
SinoSynergy Hydrogen Energy reported QQ4 2024 revenue of 154.71 million CNY, with a gross profit of 19.63 million CNY and a gross margin of 12.69%. The quarter delivered a deep operating loss of 96.54 million CNY and a net loss of 97.44 million CNY, translating to negative profitability metrics across EBITDA (-81.24 million) and net margin (-63.0%). While year-over-year revenue declined by 36.6%, gross profit fell more sharply (-71.7%), indicating that top-line weakness disproportionately affected gross profitability given fixed cost absorption in the period. Notably, operating income improved on a year-over-year basis by about 36% despite the ongoing negative absolute level, suggesting some cost structure stabilization but still substantial absolute losses.
Key Performance Indicators
Key Insights
Liquidity and leverage indicators show a robust balance sheet cushion but alarming working-capital dynamics. Key quarterly metrics: Revenue 154,713,500 CNY; YoY revenue change: -36.64%; QoQ revenue change: 0.00%. Gross Profit 19,631,000 CNY; Gross Margin 12.69%; YoY Gross Profit change: -71.72%; QoQ: 0.00%. EBITDA -81,241,250 CNY; EBITDA Margin -52.51% (EBITDA/revenue). Operating Income -96,537,000 CNY; Operating Margin -62.40%. Net Income -97,439,500 CNY; Net Margin -63.00%; EPS -0.19 CNY (YoY ...
Financial Highlights
Liquidity and leverage indicators show a robust balance sheet cushion but alarming working-capital dynamics. Key quarterly metrics: Revenue 154,713,500 CNY; YoY revenue change: -36.64%; QoQ revenue change: 0.00%. Gross Profit 19,631,000 CNY; Gross Margin 12.69%; YoY Gross Profit change: -71.72%; QoQ: 0.00%. EBITDA -81,241,250 CNY; EBITDA Margin -52.51% (EBITDA/revenue). Operating Income -96,537,000 CNY; Operating Margin -62.40%. Net Income -97,439,500 CNY; Net Margin -63.00%; EPS -0.19 CNY (YoY EPS change +40.63%; QoQ 0.00%). Weighted average shares: 518,027,932 (basic) / 518,025,999 (diluted).
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
154.71M |
-36.64% |
0.00% |
| Gross Profit |
19.63M |
-71.72% |
0.00% |
| Operating Income |
-96.54M |
36.37% |
0.00% |
| Net Income |
-97.44M |
30.43% |
0.00% |
| EPS |
-0.19 |
40.63% |
0.00% |
Key Financial Ratios
operatingProfitMargin
-62.4%
Management Commentary
No earnings call transcript data provided in the input. Consequently, no management quotes or theme-level highlights from a QQ4 2024 earnings call are available in this dataset.
Forward Guidance
No explicit management guidance for the near term was presented in the provided data. Given the scale of operating losses and heavy R&D/selling, general catalysts for the stock include improved gross margins, monetization of hydrogen fuel cell stack/system offerings, and deployment with customers that can convert R&D spend into repeatable revenue streams. Investors should monitor: (1) revenue growth trajectory and mix between product sales and system integration/maintenance; (2) operating leverage opportunities to reduce the percentage of fixed costs in the cost base; (3) working capital efficiency to reduce days sales outstanding; (4) progress in capital raising or financing arrangements to support ongoing development and production scale.