Xgd (300130) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was ¥3.15 billion, down 17.2% year-over-year; net profit attributable to shareholders was ¥234 million, down 68.98% year-over-year.

• Gross margin improved by 1.76 percentage points to 40.56% compared to last year.

• Decline in revenue mainly due to lower transaction volume in the acquiring business of subsidiary Jialian Payment; net profit decline mainly due to tax adjustments and goodwill impairment.

• Company continued to invest in R&D, digitalization, and international expansion, with notable growth in overseas payment hardware and AI business.

Financial highlights

• Operating income: ¥3,147,544,135.47 (down 17.20% year-over-year).

• Net profit attributable to shareholders: ¥234,207,546.49 (down 68.98% year-over-year).

• Net profit excluding non-recurring items: ¥492,324,126.78 (down 29.63% year-over-year).

• Operating cash flow: ¥716,432,424.17 (down 36.78% year-over-year).

• Basic and diluted EPS: ¥0.42 (down 70.83% year-over-year).

• Total assets at year-end: ¥5,691,137,889.20 (up 4.06% year-over-year).

• Net assets attributable to shareholders: ¥4,197,388,135.19 (down 2.52% year-over-year).

• Weighted average ROE: 5.55% (down from 21.98% last year).

Outlook and guidance

• Will continue to focus on “payment + terminal” core business, deepen global layout, and invest in technology innovation and AI.

• Plans to enhance acquiring business, expand high-end overseas markets, and accelerate cross-border payment solutions.

• Ongoing investment in R&D and digital transformation to drive long-term growth.