Centre Testing International Group (300012) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥1.60 billion, up 5.21% year-over-year; year-to-date revenue was ¥4.40 billion, up 7.71% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥310.1 million, down 0.82% year-over-year; year-to-date net profit was ¥746.7 million, up 0.79% year-over-year.

• Cash flow from operating activities for Q3 was ¥251.4 million, up 5.80% year-over-year; year-to-date was ¥273.6 million, down 32.41% year-over-year.

Financial highlights

• Gross margin for the nine-month period was 26.6%, with operating profit at ¥836.3 million.

• Basic and diluted EPS for Q3 was ¥0.1858, down 0.21% year-over-year; year-to-date EPS was ¥0.4464, up 1.22% year-over-year.

• EBITDA for Q3 was ¥458.9 million, down 3.77% year-over-year.

• Total assets at period end were ¥8.93 billion, up 2.09% from year-end 2023.

• Shareholders’ equity increased 8.71% to ¥6.75 billion.

Outlook and guidance

• Strategic investments in green shipping and electric bicycle testing sectors are expected to enhance future growth.

• Ongoing acquisitions and investments may impact future financials, subject to completion of conditions.