Yida Cloud: Logistics + AI Crosses Cycles, A Moment for the Revaluation of the Leading Overseas Warehouse

While the market is still anxious about the short-term disturbances caused by tariff policies and macroeconomic fluctuations, true value investors have begun to seek out companies that can traverse cycles and define the future. Currently, EDA Group Holdings (02505.HK, hereinafter referred to as "Yida Cloud") is such an undervalued "AI + logistics" company in the market. With the realization of its full-year performance for 2025 and the deepening of its strategy this year, Yida Cloud is at a critical juncture for value reassessment.

Short-term pressure is building strength for long-term barriers.

In 2025, Yida Cloud achieved operating revenue of 1.987 billion yuan, a year-on-year increase of 17.6%; the total order volume for the year exceeded 14.6 million orders, a significant year-on-year increase of 53.7%, with the growth rate of order volume far exceeding that of revenue. This "volume increase and price stability" structure reflects the company's continuous improvement in core customer penetration and the increasing stickiness of cooperation with integrated trade and industry clients, laying a user foundation for subsequent revenue quality optimization.

Although the company's net loss has raised concerns among some investors, a deeper analysis reveals that the primary reason for the loss is the "climbing period" costs of the overseas warehouse strategic investment. In 2025, the company added 6 overseas warehouses against the trend, with a total new area of approximately 130,000 square meters, and has proactively invested in 5 overseas warehouses in Indonesia, with a total area of 30,000 square meters. This is akin to building a highway; the substantial capital expenditure and operating costs in the early stages will inevitably erode short-term profits, but once completed, the scale effects and network barriers it brings will be a moat that competitors find hard to surpass. This strategy of "exchanging short-term profits for long-term space" is precisely a common trait of successful companies.

AI empowerment: a qualitative change from "logistics company" to "technology platform."

What truly distinguishes Yida Cloud from traditional logistics giants is its unwavering "AI + logistics" strategy. Since upgrading its strategic goal to "a global artificial intelligence logistics technology service group" in February 2025, the company is no longer just a simple warehousing service provider. Looking back over the past year, it is evident that this strategy has not remained a slogan but has transformed into quantifiable operational results.

In terms of technological layout, the company has formed a dedicated AI team, established deep cooperation with Huawei Cloud and AWS, and was the first to access the DeepSeek large model. Notably, the company focuses on a vertical large model in the cross-border e-commerce industry, deeply integrating over a decade of accumulated logistics industry know-how with proprietary large models, forming a differentiated technological barrier that is expected to reshape the value chain of cross-border e-commerce logistics.

In terms of operations, the deep integration of AI technology and robotic process automation has brought quantifiable efficiency improvements, significantly increasing the group's document automation processing rate and markedly reducing demand forecasting deviation rates. At the cross-border e-commerce trade fair held in Guangzhou earlier this year, the company showcased the digital virtual character "Yun Dou Dou," which achieved precise intelligent dialogue with users through natural language processing and interaction engines, vividly demonstrating the application of AI technology in customer service scenarios. Additionally, the company has made a strategic investment in AI freight forwarding solution company Jiyu Technology and is actively exploring the application of logistics robots in intelligent unmanned warehouses, aiming to reshape the value chain of cross-border logistics through cost reduction and efficiency enhancement The current market valuation of Yida Cloud has not fully priced in the operational efficiency improvements and potential technology service revenues brought by AI. This expectation gap is an important source for future valuation recovery.

Valuation trough, waiting for value discovery

Looking ahead, as the new warehouse capacity is gradually released, the cost pressure during the ramp-up period will significantly ease, and profitability is expected to see a strong recovery. More importantly, the rise of the "semi-managed" model, the highlighted strategic value of overseas warehouses, and the realization of AI technology dividends will all serve as strong catalysts driving both the company's performance and valuation upward. For forward-looking investors, the current low valuation may be a strategic window for positioning in this new AI logistics species