QDM International Inc. reported significant financial growth in its latest 10-K filing for the fiscal year ending March 31, 2025. The company achieved total revenue of $8.38 million, marking a 23.2% increase from $6.37 million in the previous fiscal year. This growth was primarily driven by an expansion in collaborations with insurance partners, an increase in the number of insurance policies sold, and new revenue streams from referral fees associated with a partnership with a trust company in Hong Kong. The company's net income also saw a substantial rise, reaching $4.82 million, up 208.3% from $1.56 million in the prior year.
Operationally, QDM's subsidiary, YeeTah, which focuses on insurance brokerage services in Hong Kong, reported a total of 263 customers purchasing life and medical insurance products in 2025, compared to 133 in 2024. The company also serviced 36 customers for general insurance products, up from 33 the previous year. YeeTah's customer base includes a significant number of clients from mainland China, reflecting the growing demand for insurance products in the region. The company has agreements with 21 insurance companies, offering approximately 489 insurance products.
In terms of strategic developments, QDM underwent a forward stock split in April 2024, increasing its authorized shares of common stock from 200 million to 700 million. This move was part of a broader strategy to enhance liquidity and attract more investors. Additionally, the company disposed of its subsidiary QDMS in October 2023, recognizing a gain of $33,165, and has focused on strengthening its core insurance brokerage operations.
Looking ahead, QDM aims to capitalize on the growth potential of Hong Kong's insurance market, particularly in the life insurance sector, which is expected to expand due to demographic trends and rising household incomes. The company plans to enhance its distribution network by building relationships with strategic partners in mainland China and increasing its sales force. However, QDM also faces challenges, including regulatory risks associated with operating in Hong Kong and potential impacts from geopolitical tensions between the U.S. and China, which could affect its operations and stock performance.
About QDM International Inc.
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