Maxscend Microelectronics Company (300782) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue was ¥1.08 billion, down 23.13% year-over-year; YTD revenue rose 9.55% to ¥3.37 billion.

• Net profit attributable to shareholders in Q3 was ¥71.05 million, down 84.29% year-over-year; YTD net profit was ¥425.42 million, down 48.05%.

• Significant increase in R&D expenses (up 83.5% YTD) and inventory buildup (up 78.33% from year-end).

Financial highlights

• Q3 basic EPS was ¥0.1329, down 84.32% year-over-year; YTD basic EPS was ¥0.7965, down 48.08%.

• Operating cash flow for Q3 was negative ¥366.27 million, a 127.53% decline year-over-year.

• Gross margin and operating income not explicitly disclosed; net margin declined sharply.

• Non-recurring gains included government subsidies and asset disposals totaling ¥10.66 million in Q3.

Outlook and guidance

• Company secured a new bank credit line of up to ¥4.2 billion for operational and development needs, valid for 12 months and available for flexible use.