Orient Securities Company (600958) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for Q3 2024 rose 24.58% year-over-year to ¥1.19 billion, with year-to-date net profit up 15.57% to ¥3.30 billion.

• Operating revenue for Q3 increased 10.16% year-over-year to ¥5.51 billion, and for the first nine months, revenue grew 2.81% to ¥14.08 billion.

• Basic EPS for Q3 was ¥0.13, up 18.18% year-over-year; year-to-date EPS reached ¥0.37, up 15.63%.

Financial highlights

• Total assets at September 30, 2024, were ¥388.30 billion, up 1.20% from year-end 2023.

• Shareholders’ equity attributable to listed company shareholders increased 3.21% to ¥81.28 billion.

• Weighted average ROE for Q3 was 1.45%, up 0.30 percentage points year-over-year; year-to-date ROE was 4.16%, up 0.49 percentage points.

• Net cash flow from operating activities for the first nine months was negative ¥7.13 billion, an improvement from the prior year.

Outlook and guidance

• A mid-year cash dividend of ¥0.75 per 10 shares (pre-tax) was approved, totaling ¥634.64 million, representing 30.06% of H1 net profit.