Hong Kong – QUANTGROUP announced audited results for the year ended 31 December 2025, posting solid top-line expansion and a sharp rebound in profitability after its November IPO.
Revenue and Profitability • Revenue rose 4.2% year on year to RMB 1.03 billion, driven almost entirely by flagship e-commerce platform “Yangxiaomie”, which contributed 99.0% of total sales. • Gross profit increased 2.6% to RMB 987.20 million; gross margin slipped to 95.4% (2024: 96.9%) as staff-related cost of sales rose 52.9%. • Net profit advanced 32.6% to RMB 195.10 million, supported by disciplined marketing spend and lower preferred-rights revaluation losses.
Business Segments • Yangxiaomie revenue climbed 10.7% to RMB 1.02 billion, reflecting a 30.59% GMV surge past RMB 10 billion and average monthly active users of 0.92 million. • Consumption Guide revenue fell 68.9% to RMB 10.19 million following policy changes and strategic de-emphasis. • Advertising income declined 93.7% to RMB 0.19 million; financial-institution matching services were discontinued in mid-2024, contributing zero revenue in 2025.
Operating Expenses • Sales and marketing expenses were cut 33.4% to RMB 313.47 million as the group focused on high-conversion channels. • R&D spending rose 37.2% to RMB 51.33 million, reflecting investment in AI platform “QuantPlanet”. • G&A costs climbed 23.7% to RMB 141.73 million, partly due to IPO-related professional fees.
Asset Quality and Balance Sheet • Trade receivables expanded to RMB 978.57 million (2024: RMB 638.42 million), largely tied to Yingtan Guangda; management reported subsequent collection of RMB 300.00 million by the results announcement date. • Net impairment loss on financial assets swung to RMB 65.72 million from a RMB 5.28 million reversal a year earlier. • Cash and cash equivalents rose 67.0% to RMB 524.39 million, aided by RMB 134.50 million net IPO proceeds. • Total equity turned positive at RMB 1.31 billion, versus a RMB 908.92 million deficit at end-2024, following the conversion of preferred instruments at listing.
Liquidity and Capital Resources • Operating cash flow fell to RMB 103.70 million (2024: RMB 206.24 million) due to higher receivables. • Net cash used in investing reached RMB 46.70 million, reflecting a USD 6.6 million wealth-management product purchase. • Financing inflow soared to RMB 153.80 million on IPO proceeds and over-allotment.
Dividend The board did not recommend a dividend for 2025.
Outlook Highlights (Company Statement) Management plans to deepen AI-driven enhancements to QuantPlanet and expand category coverage on Yangxiaomie while exploring AI-enabled consumer electronics.
The annual general meeting is scheduled for 26 June 2026; the share register will close from 23 to 26 June 2026.
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