Eoptolink Technology (300502) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥2.40 billion, up 207.12% year-over-year; YTD revenue was ¥5.13 billion, up 145.82% year-over-year.

• Net profit attributable to shareholders in Q3 was ¥780.93 million, a 453.07% increase year-over-year; YTD net profit was ¥1.65 billion, up 283.20%.

• Gross margin and profitability improved significantly, driven by strong industry demand and higher sales.

Financial highlights

• Basic and diluted EPS for Q3 were ¥1.10; YTD basic EPS was ¥2.33, up 281.97% year-over-year.

• Operating cash flow for the period was ¥284.57 million, down 67.56% year-over-year due to increased payments for raw materials and taxes.

• Total assets at period end were ¥9.82 billion, up 52.51% from the previous year-end.

• Shareholders’ equity reached ¥7.08 billion, a 29.60% increase from year-end 2023.

Outlook and guidance

• Management attributes growth to high industry demand and expects continued strong order flow, with increased inventory to support future sales.