Chaozhou Three-Circle (300408) H2 2024 earnings summary

Executive summary

• Revenue grew 28.88% year-over-year, driven by recovery in optical communications and consumer electronics sectors.

• Net profit attributable to shareholders increased 38.78% year-over-year, reflecting strong demand for core products.

• MLCC and optical fiber ceramic ferrule products saw significant sales growth due to technological and market breakthroughs.

Financial highlights

• Operating income reached ¥7,380,412,228.42, up 28.88% compared to the same period last year.

• Net profit attributable to shareholders was ¥2,194,126,462.05, up 38.78% year-over-year.

• Basic EPS was ¥1.14, up 39.02% year-over-year.

• Total assets at period end were ¥23,936,445,521.61, up 9.66% from the start of the year.

• Shareholders' equity increased 8.98% to ¥19,870,058,982.47.

Outlook and guidance

• Demand recovery in optical communications and consumer electronics expected to continue supporting growth.

• Ongoing global data center construction anticipated to drive further sales of optical component products.