NAURA Technology Group (002371) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached ¥12.33 billion, up 46.38% year-over-year; net profit attributable to shareholders was ¥2.78 billion, up 54.54% year-over-year.

• Core business remains semiconductor equipment, vacuum & lithium battery equipment, and precision electronic components, with continued domestic leadership and innovation.

• R&D investment increased 47.97% year-over-year to ¥2.24 billion, supporting new product development and patent growth.

• No interim dividend, bonus shares, or capital reserve transfer planned for the half-year.

Financial highlights

• Operating income: ¥12.33 billion, up 46.38% year-over-year; operating profit: ¥3.21 billion.

• Net profit attributable to shareholders: ¥2.78 billion, up 54.54% year-over-year; basic EPS: ¥5.24, up 54.13%.

• Gross margin for semiconductor equipment: 44.63% (up 6.26 ppts); for electronic components: 55.90% (down 14.26 ppts).

• Net cash flow from operating activities: -¥292 million (improved from -¥361 million year-over-year).

• Total assets at June 30, 2024: ¥60.02 billion, up 11.93% from end-2023; net assets: ¥27.03 billion, up 10.94%.

Outlook and guidance

• Company will continue to focus on core business, deepen R&D, optimize industrial structure, and pursue high-quality growth.

• Plans to further increase R&D investment and expand market share in semiconductor equipment.