YMT
YMT
Yimutian Inc. American Depositary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2025 | $34.28M ▼ | $29.89M ▼ | $-2.63M ▲ | -7.69% ▲ | $-0.22 ▲ | $-2.41M ▲ |
| Q1-2024 | $39.24M | $42.17M | $-13.41M | -34.17% | $-0.3 | $-12.86M |
What's going well?
The company made big improvements in cutting costs, shrinking its operating loss by over $10 million. Gross margins are high, and efficiency is improving.
What's concerning?
Revenue is dropping, and the company is still losing money. If sales keep falling, cost cuts alone may not be enough to turn a profit.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2025 | $632K | $57.13M | $1.53B | $-1.5B |
What's financially strong about this company?
Most assets are tangible and liquid, with little tied up in inventory or goodwill. Customers are prepaying for future services, which helps cash flow.
What are the financial risks or weaknesses?
The company has negative equity, very little cash, and a huge amount of short-term debt. Current assets are nowhere near enough to cover upcoming bills, putting the company at serious risk.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2025 | $-2.9M ▲ | $-1.06M ▲ | $-570K ▼ | $-533K ▼ | $-2.14M ▼ | $-1.63M ▲ |
| Q1-2024 | $-13.41M | $-19.72M | $-133K | $18.05M | $-1.8M | $-19.85M |
What's strong about this company's cash flow?
The company has cut its cash burn dramatically compared to last year, showing big improvement in operating efficiency. Free cash flow losses are much smaller, suggesting some progress toward stability.
What are the cash flow concerns?
YMT is still losing real cash and is highly dependent on borrowing to survive. Cash on hand is dangerously low, and the company can't keep stretching payables or borrowing forever.
5-Year Trend Analysis
A comprehensive look at Yimutian Inc. American Depositary Shares's financial evolution and strategic trajectory over the past five years.
YMT combines an improving economic profile with a strong strategic position. On the income statement, margins and losses are moving in the right direction, supported by very high gross margins and tighter cost control. Strategically, the company is a leading digital infrastructure player in China’s agricultural supply chain, benefiting from network effects, data scale, AI‑driven matching, and a hybrid online‑offline model. Its focus on traceability, efficiency, and value‑added services positions it well in a sector that has historically been under‑served by technology. Recent IPO access also provides an additional capital avenue to support its plans.
The main concerns center on financial resilience and execution. The balance sheet shows deeply negative equity, high leverage, shrinking assets, and thin cash reserves, which together imply elevated solvency and liquidity risk. Cash flows from operations and free cash flow remain meaningfully negative and volatile, requiring ongoing reliance on external financing. Revenue has recently declined after a period of growth, and R&D spending has been cut, raising questions about the sustainability of growth and innovation. Competitive and regulatory risks in China’s agricultural and digital sectors add another layer of uncertainty.
The overall outlook is mixed but dynamic. Operationally and strategically, YMT appears to be moving toward a more efficient, higher‑margin model with strong competitive assets in a large, evolving market. Financially, however, the company is operating with a constrained balance sheet and persistent cash burn, which could limit its capacity to fully exploit its opportunities and to weather shocks. Future performance will likely hinge on three factors: re‑accelerating revenue while maintaining high margins, converting accounting improvements into positive cash flow, and using newly raised capital judiciously to strengthen the balance sheet and fund targeted innovation without overextending resources.
About Yimutian Inc. American Depositary Shares
https://www.ymt.comYimutian Inc., through its subsidiaries, provides agricultural B2B platform services for agricultural product transaction in the People's Republic of China.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2025 | $34.28M ▼ | $29.89M ▼ | $-2.63M ▲ | -7.69% ▲ | $-0.22 ▲ | $-2.41M ▲ |
| Q1-2024 | $39.24M | $42.17M | $-13.41M | -34.17% | $-0.3 | $-12.86M |
What's going well?
The company made big improvements in cutting costs, shrinking its operating loss by over $10 million. Gross margins are high, and efficiency is improving.
What's concerning?
Revenue is dropping, and the company is still losing money. If sales keep falling, cost cuts alone may not be enough to turn a profit.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2025 | $632K | $57.13M | $1.53B | $-1.5B |
What's financially strong about this company?
Most assets are tangible and liquid, with little tied up in inventory or goodwill. Customers are prepaying for future services, which helps cash flow.
What are the financial risks or weaknesses?
The company has negative equity, very little cash, and a huge amount of short-term debt. Current assets are nowhere near enough to cover upcoming bills, putting the company at serious risk.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2025 | $-2.9M ▲ | $-1.06M ▲ | $-570K ▼ | $-533K ▼ | $-2.14M ▼ | $-1.63M ▲ |
| Q1-2024 | $-13.41M | $-19.72M | $-133K | $18.05M | $-1.8M | $-19.85M |
What's strong about this company's cash flow?
The company has cut its cash burn dramatically compared to last year, showing big improvement in operating efficiency. Free cash flow losses are much smaller, suggesting some progress toward stability.
What are the cash flow concerns?
YMT is still losing real cash and is highly dependent on borrowing to survive. Cash on hand is dangerously low, and the company can't keep stretching payables or borrowing forever.
5-Year Trend Analysis
A comprehensive look at Yimutian Inc. American Depositary Shares's financial evolution and strategic trajectory over the past five years.
YMT combines an improving economic profile with a strong strategic position. On the income statement, margins and losses are moving in the right direction, supported by very high gross margins and tighter cost control. Strategically, the company is a leading digital infrastructure player in China’s agricultural supply chain, benefiting from network effects, data scale, AI‑driven matching, and a hybrid online‑offline model. Its focus on traceability, efficiency, and value‑added services positions it well in a sector that has historically been under‑served by technology. Recent IPO access also provides an additional capital avenue to support its plans.
The main concerns center on financial resilience and execution. The balance sheet shows deeply negative equity, high leverage, shrinking assets, and thin cash reserves, which together imply elevated solvency and liquidity risk. Cash flows from operations and free cash flow remain meaningfully negative and volatile, requiring ongoing reliance on external financing. Revenue has recently declined after a period of growth, and R&D spending has been cut, raising questions about the sustainability of growth and innovation. Competitive and regulatory risks in China’s agricultural and digital sectors add another layer of uncertainty.
The overall outlook is mixed but dynamic. Operationally and strategically, YMT appears to be moving toward a more efficient, higher‑margin model with strong competitive assets in a large, evolving market. Financially, however, the company is operating with a constrained balance sheet and persistent cash burn, which could limit its capacity to fully exploit its opportunities and to weather shocks. Future performance will likely hinge on three factors: re‑accelerating revenue while maintaining high margins, converting accounting improvements into positive cash flow, and using newly raised capital judiciously to strengthen the balance sheet and fund targeted innovation without overextending resources.
CEO
Jinhong Deng
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+