Foryou (002906) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥2.65 billion, up 37.25% year-over-year; YTD revenue was ¥6.84 billion, up 42.62% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥177.75 million, up 53.54% year-over-year; YTD net profit was ¥464.68 million, up 56.20% year-over-year.

• Operating cash flow for Q3 was ¥503.03 million, a 208.32% increase year-over-year.

Financial highlights

• Basic EPS for Q3 was ¥0.34, up 47.83% year-over-year; YTD basic EPS was ¥0.89, up 43.55%.

• Gross margin and operating margin improved due to increased scale and management efficiency.

• Total assets at period end were ¥11.21 billion, up 18.54% from the previous year-end.

• Shareholders’ equity reached ¥6.27 billion, up 4.85% from year-end.

Outlook and guidance

• Continued growth expected in automotive electronics and precision die-casting businesses.

• Expansion of R&D and local service capabilities through new subsidiaries in Shanghai and Chongqing.