NAURA Technology Group (002371) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥8.02 billion, up 30.12% year-over-year; YTD revenue was ¥20.35 billion, up 39.51% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥1.68 billion, up 55.02% year-over-year; YTD net profit was ¥4.46 billion, up 54.72% year-over-year.

• Strong growth driven by a 46.96% year-over-year increase in electronic process equipment revenue and lower cost ratios.

Financial highlights

• Gross margin improved as cost and expense ratios declined, supporting higher profitability.

• Basic EPS for Q3 was ¥3.1667, up 54.52% year-over-year; YTD basic EPS was ¥8.4019, up 54.23% year-over-year.

• Net cash flow from operating activities for YTD was ¥454.78 million, down 59.97% year-over-year due to increased procurement payments to meet order demand.

• Total assets at period end were ¥63.43 billion, up 18.29% from the previous year-end.

• Shareholders' equity attributable to listed company shareholders was ¥29.03 billion, up 19.15% from year-end.

Outlook and guidance

• Management expects continued growth in electronic process equipment, with ongoing focus on cost control and operational efficiency.