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YMT

Yimutian Inc. American Depositary Shares

YMT

Yimutian Inc. American Depositary Shares • NASDAQ
$1.16 ▲ 2.65% (+0.03)
Market Cap $596.77 M
52w High $6.05
52w Low $1.00
Dividend Yield 0%
P/E -8.28
Volume 4.32K
Outstanding Shares 514.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2025 $34.282M ▼ $29.892M ▼ $-2.635M ▲ -7.686% ▲ $-0.22 ▲ $-2.409M ▲
Q1-2024 $39.244M $42.17M $-13.408M -34.166% $-0.3 $-12.858M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2025 $632K $57.133M $1.526B $-1.499B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $-2.904M ▲ $-1.06M ▲ $-570K ▼ $-533K ▼ $-2.14M ▼ $-1.63M ▲
Q1-2024 $-13.414M $-19.719M $-133K $18.046M $-1.803M $-19.852M

Five-Year Company Overview

Income Statement

Income Statement Yimutian’s business is still in a build‑out phase. Revenue has been small but generally edging higher over the past few years, and gross profit has grown alongside it, which suggests the core platform can add value as volume scales. However, the company has reported operating losses and net losses every year, meaning expenses tied to growth, technology, and operations are still well above what the business brings in. The positive sign is that losses have been narrowing over time, but they remain meaningful, so the company is not yet near a self‑funding, mature profit profile.

Balance Sheet

Balance Sheet The balance sheet looks fragile. The company runs with very limited assets and almost no cash on hand, while carrying debt that is large relative to its size. Shareholders’ equity is deeply negative and has become more negative over time, which reflects accumulated losses and a capital structure that leans heavily on borrowing rather than retained profits. This position leaves little cushion against setbacks and makes Yimutian sensitive to lenders’ confidence and future financing conditions.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, which means the business is still consuming cash to support its platform, offline network, and growth initiatives. Free cash flow mirrors this pattern because capital spending has been minimal, so the core issue is not investment in physical assets but the underlying cash burn of the operating model. Persistent outflows imply continued reliance on external funding or balance sheet flexibility to keep executing on the strategy.

Competitive Edge

Competitive Edge Strategically, Yimutian occupies a strong niche. It is positioned as the leading agricultural B2B platform in China, with a large user base and clear network effects: more merchants and farmers make the platform more attractive to everyone. Its mix of online services and offline brokerage stores (“Wolaicai”) is tailored to the relationship‑driven nature of agriculture, helping it build trust and embed itself deeply in the supply chain. Years of sector experience and rich data give it an edge versus new entrants, although execution, regulatory changes, and potential competition from larger tech or commerce players remain important risks.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. Yimutian has built proprietary algorithms and big‑data tools to match buyers and sellers and is extending this into smart farming, where data from the marketplace feeds back into production decisions. The company is also experimenting with newer concepts like tokenizing agricultural assets through blockchain partnerships, which could open unconventional financing and trading channels. The planned expansion into a B2B2C model via acquisition, plus ambitions to take its model overseas, show a willingness to push beyond its core. The upside is meaningful if these projects work; the trade‑off is added complexity, integration risk, and higher demands on cash and management attention.

Summary

Yimutian combines a weak near‑term financial profile with a potentially strong long‑term strategic position. The business continues to lose money and burn cash, carries high leverage, and has negative equity, leaving it dependent on outside capital and careful liquidity management. At the same time, it has carved out a leadership role in China’s agricultural digital ecosystem, with reinforcing network effects, an integrated online‑offline model, and a pipeline of advanced initiatives in data, smart farming, asset digitization, and international expansion. The key tension is whether the company can convert its strategic advantages and innovation into a stable, cash‑generating model before its thin balance sheet becomes a binding constraint.

NEWS

November 14, 2025 · 3:19 AM UTC

Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares

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November 6, 2025 · 5:03 AM UTC

Yimutian Inc. Reaches Binding Acquisition Agreement to Acquire Ningbo Xunxi Technology Co., Ltd., Strategically Expanding into the "B2B2C" Business Ecosystem

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October 2, 2025 · 9:46 AM UTC

Yimutian Inc. and BC Technology Enter into Strategic Cooperation to Promote the Development of Agricultural RWA Products

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