Executive Summary
AHG reported QQ2 2024 results showing a sharp year-over-year and quarter-over-quarter revenue decline, accompanied by negative profitability metrics. Revenue of 446,792 (USD) declined 92.5% YoY and 41.2% QoQ, yielding a gross profit of 19,415 and a gross margin of 4.35%. Operating income Turned negative at -1,157,924 and net income was -1,532,088 with an EPS of -0.20. The company carries a clearly negative earnings trajectory despite a solid liquidity position: cash and cash equivalents of 9,211,639 and a net cash position of -8,861,639 (net debt), underpinning financial flexibility. On the balance sheet, AHG exhibits a healthy current ratio of 1.46 and a cash ratio of 0.798, with total assets of 16,880,618 and total liabilities of 11,549,145. Operating cash flow was modest at 121,168, while net cash provided by operating activities helped fund investing and financing activities, and FX effects contributed positively to cash. These dynamics suggest the quarter was characterized by structural revenue normalization challenges and ongoing profitability pressures, even as liquidity supports potential strategic pivots and working-capital optimization.
Key Performance Indicators
QoQ: -41.24% | YoY:-92.46%
QoQ: -53.39% | YoY:-96.55%
QoQ: 63.37% | YoY:-951.89%
QoQ: 48.89% | YoY:-287.90%
QoQ: -42.86% | YoY:-302.63%
Key Insights
Revenue: 446,792; YoY change: -92.46%; QoQ change: -41.24%
Gross Profit: 19,415; Gross Margin: 4.35%
Operating Income: -1,157,924; Operating Margin: -2.59%
Net Income: -1,532,088; Net Margin: -3.43%
EPS: -0.20; EPS Diluted: -0.20
Balance Sheet Signals: Cash and cash equivalents 9,211,639; Total Assets 16,880,618; Total Current Assets 16,880,618; Total Current Liabilities 11,549,145; Current Ratio 1.46; Quick Ratio 1.36; Cash Ratio 0.80; Net Debt / Cash Position: net debt -8,861,639
Cash Flow: Ne...
Financial Highlights
Revenue: 446,792; YoY change: -92.46%; QoQ change: -41.24%
Gross Profit: 19,415; Gross Margin: 4.35%
Operating Income: -1,157,924; Operating Margin: -2.59%
Net Income: -1,532,088; Net Margin: -3.43%
EPS: -0.20; EPS Diluted: -0.20
Balance Sheet Signals: Cash and cash equivalents 9,211,639; Total Assets 16,880,618; Total Current Assets 16,880,618; Total Current Liabilities 11,549,145; Current Ratio 1.46; Quick Ratio 1.36; Cash Ratio 0.80; Net Debt / Cash Position: net debt -8,861,639
Cash Flow: Net cash provided by operating activities 121,168; Change in cash 1,287,171; Free cash flow 121,168; CFO to revenue ratio not disclosed; Working capital changes contributed to operating cash flow; Investing activities -764,459; Financing activities 175,000; FX effects +92,803; End-of-period cash 9,211,639
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
446.79K |
-92.46% |
-41.24% |
| Gross Profit |
19.42K |
-96.55% |
-53.39% |
| Operating Income |
-1.16M |
-951.89% |
63.37% |
| Net Income |
-1.53M |
-287.90% |
48.89% |
| EPS |
-0.20 |
-302.63% |
-42.86% |
Key Financial Ratios
operatingProfitMargin
-259%
operatingCashFlowPerShare
$0.01
freeCashFlowPerShare
$0.01
Management Commentary
No earnings call transcript data provided in the dataset. Consequently, management quotes and theme-based insights from the QQ2 2024 call are not available within this analysis.
Forward Guidance
Explicit forward guidance for QQ3 2024 and beyond is not present in the provided data. Investors should monitor: (1) platform monetization and revenue diversification efforts to stabilize gross margins (current gross margin 4.35%); (2) cost containment and SG&A discipline given SG&A of 1,177,339 (over-reliance on fixed cost structure); (3) liquidity management and working-capital efficiency to sustain cash generation; (4) regulatory and consumer demand dynamics in China affecting Xiaobai Maimai’s user engagement and monetization; and (5) potential strategic pivots or partnerships that could scale GMV or introduce higher-margin services. Based on current metrics, a cautious stance is warranted until there are signs of revenue stabilization and a path to profitability.