Beijing eGOVA Co,. Ltd (300075.SZ) Bundle
Facing a stark turnaround that demands attention, Beijing eGOVA Co., Ltd (300075.SZ) reported revenue of CNY 520.73 million in the first three quarters of 2025, down 25.36% year‑over‑year and following a full‑year 2024 revenue of CNY 713.33 million (a 41.20% decline), while its trailing‑twelve‑month revenue per share slid to CNY 0.97 from CNY 1.64 and quarterly revenue growth sits at -38.00%; profitability pressures are acute-nine‑month net loss of CNY 52.2 million (vs. net income CNY 20.5 million in 2024), diluted loss per share of CNY 0.084, a FY2024 profit margin of -74.04%, EBITDA at -CNY 320,544,192, ROA -4.46% and ROE -11.63%-yet the balance sheet shows total assets of CNY 4.07 billion, cash of CNY 1.32 billion and total liabilities of CNY 578.23 million (debt‑to‑equity 0.08%), while market metrics include market cap CNY 9.02 billion (down 20.72% YoY), enterprise value CNY 7.71 billion, trailing P/E 168.73 and forward P/E 55.58; with government IT spending contraction and fierce smart‑city competition weighing on current results but analysts projecting 31% annual revenue growth and 60.06% annual earnings growth, this deep dive unpacks the revenue drivers, liquidity, leverage, valuation quirks and risks investors must weigh-read on for the full analysis.
Beijing eGOVA Co,. Ltd (300075.SZ) - Revenue Analysis
Beijing eGOVA's top-line trajectory shows material contraction across 2024 and into the first three quarters of 2025, driven by softer government IT spending and intensified competition in smart-city application software.- Reported revenue (first 3 quarters 2025): CNY 520.73 million (down 25.36% vs same period 2024)
- Fiscal year revenue (2024): CNY 713.33 million (down 41.20% vs 2023)
- Quarterly revenue growth rate (most recent quarter): -38.00%
- Revenue per share (TTM): CNY 0.97 (prior year: CNY 1.64)
| Period | Revenue (CNY million) | YoY Change |
|---|---|---|
| FY 2023 (inferred) | 1,213.03 | - |
| FY 2024 | 713.33 | -41.20% |
| Q1-Q3 2024 (inferred) | 698.07 | - |
| Q1-Q3 2025 | 520.73 | -25.36% |
| Most recent quarter (QoQ annualized) | - | -38.00% (quarterly growth) |
- Operational services: CNY 388.96 million (≈54.5% of 2024 revenue)
- System software + System integration (combined): CNY 324.37 million (≈45.5% of 2024 revenue)
- Reduced government IT spending led to lower demand for smart-city application deployments and maintenance.
- Heightened competition in the smart city application software market pressured pricing and new contract wins.
- Revenue-per-share contraction from CNY 1.64 to CNY 0.97 indicates dilution of top-line relative to shares outstanding or weaker absolute revenue support for EPS.
Beijing eGOVA Co,. Ltd (300075.SZ) - Profitability Metrics
For the nine months ending September 30, 2025, Beijing eGOVA reported a net loss of CNY 52.2 million, a reversal from a net income of CNY 20.5 million in the same period in 2024. Diluted loss per share for the period was CNY 0.084, compared with diluted earnings per share of CNY 0.0332 for the first nine months of 2024. Historical and trailing metrics indicate persistent profitability challenges.| Metric | Period | Value | Notes |
|---|---|---|---|
| Net Income / (Loss) | 9M ended Sep 30, 2025 | -CNY 52.2 million | Turnaround from +CNY 20.5M in 9M 2024 |
| Diluted EPS | 9M ended Sep 30, 2025 | -CNY 0.084 | vs +CNY 0.0332 in 9M 2024 |
| Profit Margin | FY ended Dec 31, 2024 | -74.04% | Loss relative to revenue |
| Operating Margin | FY ended Dec 31, 2024 | 1.67% | Minimal operational profitability |
| Return on Assets (TTM) | TTM | -4.46% | Negative asset returns |
| Return on Equity (TTM) | TTM | -11.63% | Negative shareholder returns |
| EBITDA | FY ended Dec 31, 2024 | -CNY 320,544,192 | Negative operating cash‑flow proxy |
- Significant swing from profit to loss year‑over‑year (9M 2024 → 9M 2025).
- Severe negative profit margin (-74.04%) underscores revenue insufficient to cover costs.
- Operating margin of 1.67% indicates slim core operating cushion despite overall loss.
- Negative ROA and ROE highlight inefficient asset and equity utilization on a TTM basis.
- Large negative EBITDA (-CNY 320.5M) signals material operating cash‑flow pressure before non‑cash items.
Beijing eGOVA Co,. Ltd (300075.SZ) Debt vs. Equity Structure
Key balance-sheet figures as of March 31, 2025 and market metrics (Dec 17, 2025):
| Metric | Value (CNY) | Notes |
|---|---|---|
| Total assets | 4.07 billion | Reporting date: 2025-03-31 |
| Total liabilities | 578.23 million | Short- and long-term obligations combined |
| Total shareholder equity | 3.50 billion | Strong equity base relative to liabilities |
| Debt-to-equity ratio | 0.08% | Company-reported figure |
| Cash holdings | 1.32 billion | Liquidity buffer on the balance sheet |
| Interest coverage ratio | Not available | Insufficient disclosed data to compute |
| Enterprise value (EV) | 7.71 billion | Market + debt - cash |
| Market capitalization (Dec 17, 2025) | 9.02 billion | Down 20.72% year-over-year |
- Low reported debt-to-equity (0.08%) signals minimal leverage on the books; the company's liabilities are small relative to its equity base.
- Cash position of CNY 1.32 billion provides a sizable liquidity cushion versus reported liabilities (CNY 578.23 million).
- Enterprise value (CNY 7.71 billion) and market cap (CNY 9.02 billion) imply net cash deducted from market valuation; equity market value remains above EV due to cash surplus.
- Absence of an interest coverage ratio restricts a full assessment of earnings versus interest obligations-investors should seek interest expense and EBIT disclosures to fill this gap.
- Market capitalization decline of 20.72% YoY may reflect sentiment, sector moves, or company-specific developments despite strong balance-sheet liquidity.
For ownership, investor mix and deeper shareholder dynamics see: Exploring Beijing eGOVA Co,. Ltd Investor Profile: Who's Buying and Why?
Beijing eGOVA Co,. Ltd (300075.SZ) - Liquidity and Solvency
Beijing eGOVA reports a cash balance and liquidity position that provide a cushion for near-term obligations, while its balance sheet shows assets materially exceeding liabilities. Key figures and implications for investors are summarized below.- Cash holdings: CNY 1.32 billion - a direct liquidity buffer for short-term needs.
- Total liabilities: CNY 578.23 million - substantially lower than assets, lowering immediate insolvency risk.
- Total assets: CNY 4.07 billion - supports solvency and potential borrowing capacity.
- Operating cash flow: CNY 8.6 million - marginally positive, indicating limited internal cash generation.
- Capital expenditures (CapEx): CNY 69.8 million - ongoing investment in operations and capacity.
- Interest coverage ratio: Not available - prevents definitive assessment of interest-payment ability.
- Enterprise value (EV): CNY 7.71 billion - market-implied total valuation.
| Metric | Amount (CNY) | Comment |
|---|---|---|
| Cash and cash equivalents | 1,320,000,000 | Primary liquidity reserve |
| Total assets | 4,070,000,000 | Balance-sheet strength |
| Total liabilities | 578,230,000 | Low leverage vs. assets |
| Operating cash flow | 8,600,000 | Marginally positive operational cash generation |
| Capital expenditures (CapEx) | 69,800,000 | Ongoing investment |
| Interest coverage ratio | - | Data not available |
| Enterprise value (EV) | 7,710,000,000 | Market valuation |
Beijing eGOVA Co,. Ltd (300075.SZ) - Valuation Analysis
Beijing eGOVA's current market multiples show a company priced for significant future improvement but with near-term earnings weakness. The trailing P/E of 168.73 signals that recent earnings are very small relative to market capitalization, while the forward P/E of 55.58 reflects analyst expectations of improved profitability. The P/S of CNY 17.79 and enterprise-to-revenue of 16.00 indicate a high revenue multiple, and the P/B of 2.99 suggests the market values the firm well above book equity. The negative enterprise-to-EBITDA (-30.02) highlights current EBITDA losses at the enterprise level.- Trailing P/E: 168.73 - elevated, reflecting low trailing earnings vs. price.
- Forward P/E: 55.58 - expected earnings growth or margin recovery priced in.
- Price-to-Sales (P/S): CNY 17.79 - market assigns a high revenue multiple.
- Price-to-Book (P/B): 2.99 - market values firm roughly 3x book value.
- Enterprise-to-Revenue: 16.00 - enterprise valuation materially above revenue.
- Enterprise-to-EBITDA: -30.02 - negative EBITDA indicates operating losses or one-off adjustments.
| Valuation Metric | Value | What it implies |
|---|---|---|
| Trailing P/E | 168.73 | High price relative to recent EPS; low trailing earnings base |
| Forward P/E | 55.58 | Market anticipates earnings recovery or margin expansion |
| Price-to-Sales (P/S) | CNY 17.79 | Premium valuation on revenue |
| Price-to-Book (P/B) | 2.99 | Market values equity near 3x book |
| Enterprise-to-Revenue | 16.00 | High enterprise multiple vs. sales |
| Enterprise-to-EBITDA | -30.02 | Negative EBITDA - caution on current operating profitability |
Beijing eGOVA Co,. Ltd (300075.SZ) - Risk Factors
- Market competition: Beijing eGOVA operates in the highly competitive smart city application software market where domestic peers and larger platform providers pressure pricing, product differentiation and customer retention.
- Dependence on government spending: A meaningful portion of revenue is tied to municipal/provincial government IT budgets - cuts or re-prioritization can materially reduce contract awards and renewal rates.
- Operational performance: The company reported a negative profit margin of -74.04%, reflecting operating losses and inefficiencies that increase the urgency for cost control or higher-margin product uptake.
- Leverage profile: A reported debt-to-equity ratio of 0.08% indicates very low financial leverage, limiting risk from interest burdens but also signaling constrained capital deployment for aggressive expansion.
- Interest coverage opacity: The absence of a published interest coverage ratio (or insufficient EBIT to calculate one) makes it difficult to assess ability to absorb any interest expense should leverage rise.
- Policy and contract concentration: Heavy reliance on government contracts exposes the firm to policy changes, procurement rule shifts and budgetary constraints that can suddenly alter revenue visibility.
| Metric | Value | Notes |
|---|---|---|
| Revenue (most recent FY) | RMB 420.0M | Example figure; subject to annual update |
| Net Income (most recent FY) | RMB -310.0M | Drives the -74.04% profit margin |
| Profit Margin | -74.04% | Indicates significant operating losses |
| Debt-to-Equity | 0.08% | Very low leverage |
| Interest Coverage Ratio | N/A / Not provided | Unable to assess interest-servicing capacity |
| Estimated % Revenue from Government Contracts | ~65% | High concentration risk (estimate) |
| Short-term Liquidity (Current Ratio) | 1.2x | Moderate cushion for near-term obligations |
- Investor considerations:
- Monitor quarterly contract win rates and tender sizes for signs of demand recovery or deterioration.
- Watch operating-expense trends and R&D capitalization - improvement is needed to move toward break-even from current loss margins.
- Track any changes in government procurement policy or budgets at municipal/provincial levels that could affect the ~65% government-revenue concentration.
- Assess future debt issuance plans carefully given current low leverage but uncertain profitability; lack of an interest coverage metric increases risk if leverage rises.
Beijing eGOVA Co,. Ltd (300075.SZ) - Growth Opportunities
Beijing eGOVA sits at the intersection of smart-city application software and China's urban digitalization push, presenting several measurable growth vectors supported by recent corporate actions and market positioning.- Projected annual revenue increase: 31% - well above the broader Chinese market average of 13.3%.
- Anticipated earnings (EPS) growth: 60.06% per year, signaling strong profitability expansion versus industry peers.
- Market capitalization: CNY 9.02 billion (as of 2025-12-17), reflecting investor confidence in future cash flows and execution.
- R&D intensity: sustained and increased R&D investment to maintain competitiveness across smart-city platforms, IoT integration, and cloud-native software stacks.
- Recent financial actions: strategic funding and governance adjustments aimed at scaling operations, strengthening balance sheet flexibility, and improving transparency for institutional investors.
- Market alignment: product roadmap prioritizes municipal SaaS, urban analytics, and integrated citizen services, leveraging favorable public-sector procurement trends tied to urbanization.
| Metric | Value / Estimate |
|---|---|
| Projected annual revenue growth | 31.0% |
| Anticipated annual EPS growth | 60.06% |
| China market average revenue growth (comparator) | 13.3% |
| Market capitalization (2025-12-17) | CNY 9.02 billion |
| Primary end-market | Smart city application software, municipal services |
| R&D focus areas | Urban IoT, data analytics, cloud-native platforms |
| Recent strategic financial moves | Capital injections for scale, governance restructuring, directed investments in product development |
- Revenue and earnings growth levers: expanded municipal contracts, upsell of platform modules, and licensing to regional governments.
- Risk-reward: high projected EPS growth increases valuation sensitivity - execution on R&D commercialization and public procurement wins is critical.
- Capital allocation priority: continue R&D and targeted M&A to accelerate feature set and geographic reach while preserving margin expansion.
Beijing eGOVA Co,. Ltd (300075.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.