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NAMI

Jinxin Technology Holding Company American Depositary Shares

NAMI

Jinxin Technology Holding Company American Depositary Shares • NASDAQ
$0.69 ▲ 7.74% (+0.05)
Market Cap $47.09 M
52w High $7.75
52w Low $0.56
Dividend Yield 0%
P/E -11.42
Volume 7.98K
Outstanding Shares 68.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $208.452M ▲ $53.982M ▲ $-6.352M ▼ -3.047% ▼ $-0.22 ▼ $11.528M ▼
Q2-2024 $197.948M ▼ $35.85M ▼ $26.624M ▼ 13.45% ▼ $1.15 ▼ $45.146M ▼
Q4-2023 $209.922M ▲ $50.988M ▲ $40.856M ▲ 19.462% ▲ $1.77 ▲ $49.516M ▲
Q2-2023 $169.9M $28.73M $29.642M 17.447% $1.29 $43.604M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $101.671M ▼ $243.282M ▲ $79.453M ▼ $131.97M ▲
Q2-2024 $106.046M ▼ $196.192M ▲ $283.735M ▼ $-116.021M ▲
Q4-2023 $118.29M $175.914M $296.991M $-142.648M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-6.352M ▼ $5.774M ▼ $29.582M ▲ $25.124M ▲ $0 $4.618M ▼
Q2-2024 $26.624M ▼ $19.992M ▲ $-59.992M ▼ $-3.024M ▼ $0 $19.992M ▲
Q4-2023 $40.856M ▲ $19.196M ▼ $-13.352M ▲ $-2.582M ▲ $0 ▼ $19.122M ▼
Q2-2023 $29.642M $37.5M $-17.278M $-3.296M $71.871M $37.098M

Five-Year Company Overview

Income Statement

Income Statement NAMI’s sales have been climbing steadily, and the business has moved from loss-making a few years ago to solid profitability more recently. That said, the latest year shows some pressure on profits: earnings are still positive but not as strong as the prior year. This pattern usually points to heavier spending on growth, product development, or marketing. Overall, the income statement tells a story of a young, growing company whose profits are still a bit uneven and sensitive to how aggressively it invests.

Balance Sheet

Balance Sheet The balance sheet has improved meaningfully over time. Total assets and cash have been building, while debt remains very low. A notable shift is that shareholder equity has moved from negative to clearly positive, which reduces financial risk and signals that past losses have been repaired or outgrown. The company still runs a relatively lean asset base, which is typical for a software and content-driven business, but it now has a healthier foundation to support expansion.

Cash Flow

Cash Flow NAMI is generating cash from its day-to-day operations, which supports the quality of its reported profits. However, free cash flow recently turned negative as the company stepped up investment, likely into hardware, platforms, and technology infrastructure. This suggests a deliberate “spend now to grow later” phase. The key watchpoint is whether these investments translate into higher, more stable operating cash flows in future years, because the current approach leaves less room for missteps.

Competitive Edge

Competitive Edge NAMI holds a leading position in China’s digital textbook market and appears to benefit from strong relationships with publishers, telecom operators, and cloud providers. Being integrated into services like China Mobile’s calling platform and working closely with Tencent Cloud gives it distribution, technology support, and credibility that many smaller rivals lack. At the same time, it operates in a highly competitive, fast-changing environment, with large tech and education players capable of moving quickly. Regulatory scrutiny in China’s education and internet sectors is another structural risk that can affect how defensible its position really is over time.

Innovation and R&D

Innovation and R&D Innovation is at the core of NAMI’s strategy. The company is pushing advanced AI, AR/VR, and “digital human” technologies, not only for content but also for new products like AI learning glasses and virtual teacher platforms. Its partnerships with Tencent Cloud, China Mobile, and hardware makers help turn these ideas into real products and large-scale deployments. The flip side is execution risk: wearable hardware, new apps, and AI-driven ecosystems are all challenging to get right and can be expensive to refine. Future financial results will likely reflect how well these R&D-heavy projects are adopted by students, parents, and schools.

Summary

Overall, NAMI looks like an early-stage, AI-driven education platform that has successfully moved from losses to profitability while carving out a leading niche in digital textbooks. It now appears to be shifting into a new investment phase, broadening into hardware and deeper AI services, which is visible in softer recent margins and heavier capital spending. The balance sheet is notably stronger than a few years ago, with low leverage and positive equity, giving it some room to pursue its ambitions. Going forward, the main swing factors are user adoption of its AI-powered products, the monetization of its major partnerships, and the regulatory and competitive landscape in Chinese EdTech. Investors evaluating the company would likely focus on the stability of earnings, the sustainability of cash generation, and evidence that its innovation pipeline is translating into durable, scalable growth rather than just higher costs.

NEWS

October 29, 2025 · 9:15 AM UTC

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October 22, 2025 · 9:30 AM UTC

Jinxin Announces US$2 Million Share Repurchase Program

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September 10, 2025 · 9:00 AM UTC

Namibox and Partners Forge Cross-Border Collaboration as "AI Zhixuetong App" Launches a New Era of Smart Education in Hong Kong and Macau

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