Kuang-Chi Technologies (002625) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥417.19 million, up 9.43% year-over-year; net profit attributable to shareholders was ¥175.68 million, up 19.48% year-over-year.

• For the first nine months, revenue totaled ¥1.27 billion, up 3.67% year-over-year; net profit attributable to shareholders was ¥537.05 million, up 20.05% year-over-year.

• Metamaterials business revenue for the first three quarters was ¥1.27 billion, up 25.78% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.082, up 20.59% year-over-year; for the first nine months, EPS was ¥0.25, up 19.05% year-over-year.

• Operating cash flow for the first nine months was ¥98.57 million, up 171.18% year-over-year.

• Total assets at quarter-end were ¥10.18 billion, up 4.14% from year-end 2023.

• Owner's equity attributable to shareholders was ¥8.79 billion, down 0.34% from year-end 2023.

• Non-recurring profit items contributed ¥6.54 million for the first nine months.

Outlook and guidance

• Company will continue to seek competitive and profitable projects, strictly follow legal procedures, and improve the efficiency of fund usage.