Nsing Technologies (300077) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached ¥306.17 million, up 3.87% year-over-year; YTD revenue was ¥820.99 million, up 8.01%.

• Net loss attributable to shareholders narrowed to ¥15.41 million in Q3, improving 87.48% year-over-year; YTD net loss was ¥149.35 million, a 57.49% improvement.

• Excluding non-recurring items, net loss was ¥26.06 million in Q3, improving 66.82% year-over-year.

Financial highlights

• Gross margin improved, with integrated circuit business revenue up 29.99% and gross profit up 37.38% year-over-year.

• Negative EPS of -0.03 for Q3 and -0.26 YTD, both showing significant year-over-year improvement.

• Cash flow from operations improved by 45.44% year-over-year, but remained negative at -¥179.26 million.

• Total assets at period end were ¥3.72 billion, down 2.14% from the previous year-end.

Outlook and guidance

• Semiconductor industry showing signs of recovery with downstream inventory reduction and demand rebound.

• Company continues to focus on cost reduction, efficiency improvements, and expanding customer base in anode materials.