GalaxyCore (688728) H2 2024 earnings summary

Executive summary

• Revenue for 2024 reached RMB 6,389.33 million, up 36.02% year-over-year, driven by strong sales of high-megapixel products.

• Net profit attributable to shareholders was RMB 1,868.24 million, a 287.24% increase year-over-year.

• EBITDA exceeded RMB 1.4 billion, more than doubling from the previous year.

Financial highlights

• Operating profit rose 772.03% year-over-year to RMB 130.38 million.

• Total profit increased 907.71% year-over-year to RMB 124.13 million.

• Basic EPS was RMB 0.07, up 250% from the prior year.

• Total assets at year-end were RMB 22,419.79 million, up 10.97% from the start of the year.

• Shareholders' equity decreased 1.33% to RMB 7,774.73 million.

Outlook and guidance

• High-megapixel product shipments are expected to continue driving revenue and market share growth.