Hangzhou Greatstar Industrial (002444) Q3 2024 earnings summary

Executive summary

• Operating revenue for Q3 2024 reached RMB 4.38 billion, up 30.25% year-over-year, with year-to-date revenue at RMB 11.08 billion, a 28.73% increase year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 741.70 million, up 17.05% year-over-year; year-to-date net profit was RMB 1.94 billion, up 28.50% year-over-year.

• Net profit after deducting non-recurring items for Q3 was RMB 726.06 million, up 13.37% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were RMB 0.6209, up 17.84% year-over-year; year-to-date EPS was RMB 1.62, up 28.57%.

• Weighted average ROE for the period was 4.47%.

• Net cash flow from operating activities for Q3 was RMB 839.72 million, down 39.46% year-over-year.

• Total assets at period end were RMB 23.04 billion, up 17.05% from the previous year-end.

• Equity attributable to shareholders was RMB 16.54 billion, up 11.39% from year-end.

Outlook and guidance

• Increased production and procurement activities in response to rising downstream demand, leading to earlier cash outflows.