NARI Technology (600406) H2 2024 earnings summary

Executive summary

• Achieved record revenue of ¥57.42 billion, up 11.15% year-over-year, and net profit attributable to shareholders of ¥7.61 billion, up 6.06% year-over-year; basic EPS was ¥0.95.

• Maintained strong industry leadership, with core products and solutions in smart grid, digital energy, low-carbon energy, and industrial internet.

• Recognized for innovation, governance, and ESG performance, including multiple national and industry awards.

Financial highlights

• Revenue rose 11.15% year-over-year to ¥57.42 billion; net profit attributable to shareholders increased 6.06% to ¥7.61 billion.

• Gross margin for main business was 26.60%; R&D expenses increased 18.52% to ¥3.24 billion.

• Operating cash flow was ¥11.09 billion, down 1.71% year-over-year; total assets reached ¥92.71 billion, up 7.52%.

• Overseas revenue grew 135.14% year-over-year, with overseas gross margin at 19.02%.

Outlook and guidance

• 2025 revenue target set at ¥64.5 billion, up 12.34% year-over-year, with operating cost planned at ¥47.32 billion.

• Focus on innovation, digital transformation, and international expansion; continued investment in R&D and talent.