Dong-E-E-Jiao Co. (000423) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥1.58 billion, up 25.38% year-over-year; net profit attributable to shareholders was ¥413.57 million, up 63.75% year-over-year.

• Year-to-date revenue totaled ¥4.33 billion, a 26.28% increase; net profit attributable to shareholders reached ¥1.15 billion, up 47% year-over-year.

• Operating profit for the first nine months was ¥1.34 billion, up 39.84% year-over-year, driven by sales growth and improved gross margin.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.6437, up 64.13% year-over-year; year-to-date EPS was ¥1.7926, up 47.31%.

• Gross margin and net margin improved, with net profit margin for the first nine months at 26.6%.

• Cash flow from operating activities for the first nine months was ¥1.44 billion, up 11.93% year-over-year.

• Total assets at Q3-end were ¥12.72 billion, down 4.44% from year-end 2023; shareholders' equity was ¥9.91 billion, down 7.53%.

Outlook and guidance

• Management attributes profit growth to increased sales and higher gross margins, with continued focus on product innovation and market expansion.