Anji Microelectronics Technology (Shanghai) (688019) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached RMB 514.96 million, up 59.29% year-over-year, with YTD revenue at RMB 1.31 billion, up 46.10% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 158.57 million, up 97.20% year-over-year; YTD net profit was RMB 392.57 million, up 24.46% year-over-year.

• Strong growth attributed to successful product R&D conversion, market expansion, and increased demand from new and existing customers.

Financial highlights

• Operating cash flow for Q3 was RMB 132.91 million, up 278.49% year-over-year; YTD operating cash flow was RMB 328.20 million, up 69.74%.

• Basic and diluted EPS for Q3 were RMB 1.23, up 95.24% year-over-year; YTD basic EPS was RMB 3.05, up 23.48%.

• Total assets at quarter-end were RMB 3.21 billion, up 23.45% from year-end 2023.

• Shareholders’ equity reached RMB 2.54 billion, up 19.64% from year-end 2023.

• Gross margin for the first nine months was approximately 58.6%.

Outlook and guidance

• Continued focus on R&D and market expansion, with new products and customers expected to drive future growth.