Avary Holding (002938) Q4 2024 earnings summary

Executive summary

• Revenue grew 9.59% year-over-year to RMB 3,514,038,450, driven by a rebound in downstream consumer electronics and the rise of AI technologies.

• Net profit attributable to shareholders increased 10.14% year-over-year to RMB 3,620,351,400.

• Excluding non-recurring items, net profit attributable to shareholders rose 11.40% year-over-year.

Financial highlights

• Operating profit reached RMB 4,043,489,700, up 13.40% year-over-year.

• Total profit was RMB 4,044,464,800, up 13.25% year-over-year.

• Basic EPS was RMB 1.56, up 9.86% year-over-year.

• Weighted average ROE increased by 0.35 percentage points to 11.73%.

Outlook and guidance

• Management expects continued growth, leveraging industry recovery and AI-driven opportunities.