Quantum Song (QSG, Financial) has announced its financial results for the first quarter of fiscal year 2025, covering the period from July 1, 2024, to September 30, 2024. The company reported total revenue of 810 million yuan and a net profit of 80.69 million yuan, marking a year-on-year growth of 21% with a net profit margin of 10%. As of September 30, 2024, Quantum Song's registered users reached 135 million, showcasing high-quality growth.
The company remains committed to shareholder returns, with the board approving a special cash dividend of $0.201 per American Depositary Share (ADS). Alongside existing stock repurchase plans, Quantum Song aims to share its operational success with shareholders through dividends and buybacks.
Founder and Chairman Li Peng emphasized the company's focus on the silver economy, exploring innovative "online + offline" service integrations to enhance its product and service ecosystem. This approach aims to provide comprehensive solutions tailored to the needs of the aging population, a key demographic as China sees an increase in its elderly population.
In response to national policies promoting the silver economy, Quantum Song is developing an integrated service platform that combines interest and knowledge. The company offers online courses such as calligraphy and wellness programs, and is expanding offline services with regional eldercare centers that integrate learning, wellness, and social spaces. Additionally, it is launching travel study projects to diversify service offerings.
With a cash reserve of 1.194 billion yuan, Quantum Song is well-positioned to continue investing in the silver economy. The company is expanding its service boundaries through technological innovation and refined services, aiming to meet the growing cultural and spiritual needs of the elderly population. Its "learn-travel-care" service model supports this vision, enhancing user experience and optimizing revenue streams.
