Jiangsu Yoke Technology (002409) Q4 2024 earnings summary

Executive summary

• Achieved revenue of ¥6.86 billion in 2024, up 44.84% year-over-year; net profit attributable to shareholders rose 50.41% to ¥871.58 million.

• Main business segments: electronic materials, LNG insulation panels, and flame retardants, with electronic materials and LNG panels as growth drivers.

• Maintained strong R&D investment, with 4.17% of revenue allocated to R&D and 430 R&D staff.

• Proposed a cash dividend of ¥2.6 per 10 shares, totaling ¥123.74 million.

Financial highlights

• Revenue: ¥6.86 billion, up 44.84% year-over-year; net profit: ¥871.58 million, up 50.41%.

• Gross margin for electronic materials: 32.21%; for chemical materials: 31.52%.

• Operating cash flow: ¥603.87 million, up 2.51% year-over-year.

• Total assets: ¥14.80 billion, up 17.30% from previous year; net assets: ¥7.20 billion.

• Basic and diluted EPS: ¥1.8313, up 50.40% year-over-year.

Outlook and guidance

• Plans to focus on electronic materials and LNG insulation panels, with continued R&D and product innovation.

• Expects to leverage market opportunities in semiconductor and LNG sectors, aiming for further market share gains.

• Will continue to optimize business structure, improve governance, and enhance operational efficiency.