QDM International Inc. (OTCQB: QDMI) is an insurance brokerage company that operates through its Hong Kong subsidiary, YeeTah, connecting customers with insurance products from third-party insurers. The company earns commissions paid by insurance companies whose policies its customers purchase, with commission rates set by the insurers based on product type and terms. QDM is incorporated in Florida and structured as an offshore holding company with its operating activities conducted in Hong Kong. The company is classified as a smaller reporting company and an emerging growth company as of the 10-K filed July 10, 2025 for fiscal years ended March 31, 2025 and 2024. Huihe Zheng serves as Chairman, CEO, and President, with Wei Li as CFO. The company has never paid a cash dividend and intends to retain earnings for operations and expansion. All operating cash flows originate from YeeTah in Hong Kong, making upstream dividend capacity subject to Hong Kong and potentially PRC regulatory conditions.

Revenue model

Commission-based revenue from insurance companies whose policies are sold to customers. Commission rates and premiums are set by insurers and vary by product type, terms, and market conditions. Revenue is subject to seasonal fluctuations tied to policy renewal timing.

Products and services

Insurance brokerage services through Hong Kong subsidiary YeeTah. The company places customers into insurance products underwritten by third-party insurance companies and earns placement commissions.

Customers and end markets

Retail insurance purchasers in Hong Kong. End market demand is driven by consumer appetite for insurance products and the availability and pricing of comparable products from competing insurers.

Value-chain role

Insurance broker and intermediary. Does not underwrite policies. Sits between insurance carriers and end customers, earning commissions for placing business.

Geographic exposure

Operations concentrated in Hong Kong through subsidiary YeeTah. Parent company incorporated in Florida. Subject to potential PRC regulatory reach over Hong Kong operations.

Source: SEC 10-K, filed 2025-07-10

Industry: Insurance Agents, Brokers & Service Peers: Aesthetic Medical International Holdings Group Ltd Concord Medical Services Holdings Ltd