Company Overview - International Business Digital Technology Limited (IBDT) is a leading global digital technology company focused on the development of the digital economy and is a top provider of Central Bank Digital Currency (CBDC) solutions [2] - The company is a market leader in the Application Performance and Security Management (APSM) industry in China, providing products and services primarily to telecommunications operators and large enterprises [2] - IBDT was successfully listed on the Hong Kong GEM on December 15, 2016, and transitioned to the main board on November 29, 2018, enhancing its corporate image and competitive advantage [2] Financial Performance - As of December 31, 2024, IBDT reported total revenue of 104 million yuan, a year-on-year decrease of 13.46% [1] - The net profit attributable to the parent company was -75.068 million yuan, reflecting a year-on-year decline of 59.19% [1] - The gross profit margin stood at 43.82%, with a debt-to-asset ratio of 21.19% [1] Market Position and Valuation - IBDT's price-to-earnings (P/E) ratio is -32.47, ranking 75th in its industry, while the average P/E ratio for the software services industry is -10.79 [1] - Other companies in the same sector have P/E ratios such as Jingtou Transportation Technology at 3.63, Lujing Technology at 3.65, and Huanghe Industry at 3.91 [1] - IBDT has experienced a cumulative decline of 16.63% over the past month and 15.8% year-to-date, underperforming the Hang Seng Index, which has risen by 22.01% [1]