Shenzhen Forms Syntron Information (300468)) investor relations material

Executive summary

• Q3 revenue rose 33.97% YoY to ¥195.98 million, while net income attributable to shareholders fell 25.36% to ¥17.11 million. 9M revenue increased 21.04%, but attributable net income declined 20.09%.

• 9M operating cash flow was ¥5.81 million, down 90.21% YoY, mainly reflecting higher other operating cash receipts in the prior-year period.

Financial highlights

• 9M revenue was ¥548.78 million versus ¥453.39 million; operating costs increased 33.67% to ¥358.23 million as revenue grew.

• 9M net income attributable to shareholders was ¥53.46 million, down 20.09%; excluding nonrecurring items, it was ¥53.16 million, down 17.66%.

• Q3 net income attributable to shareholders was ¥17.11 million, down 25.36%; excluding nonrecurring items, it was ¥17.50 million, down 14.42%.

• 9M nonrecurring items totaled a net gain of ¥292,948; Q3 nonrecurring items were a net loss of ¥902,771, including disposal gains, subsidies, other non-operating items and individual income-tax fee refunds.

Key financial ratios and metrics

• 9M basic and diluted EPS were ¥0.1007, each down 20.14% YoY; Q3 basic and diluted EPS were ¥0.0322, each down 25.46%.

• 9M weighted average ROE was 3.24%, down 0.82 percentage points YoY; Q3 ROE was 1.03%, down 0.37 percentage points.

• Total assets were ¥1.774 billion at quarter-end, up 0.32% from year-end; equity attributable to shareholders was ¥1.663 billion, up 1.23%.