Shandong Sinocera Functional Material (300285) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥1.01 billion, up 8.11% year-over-year; year-to-date revenue was ¥2.97 billion, up 6.42% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥151.8 million, up 24.51% year-over-year; year-to-date net profit was ¥482.2 million, up 9.38% year-over-year.

• Operating cash flow for the first nine months was ¥357.1 million, up 13.54% year-over-year.

Financial highlights

• Gross margin improved, with operating profit for the first nine months at ¥613.7 million, up from ¥543.1 million year-over-year.

• Basic and diluted EPS for Q3 was ¥0.15, up 25% year-over-year; year-to-date EPS was ¥0.48, up 9.09%.

• Total assets at quarter-end were ¥9.22 billion, up 5.01% from year-end 2023.

• Shareholders’ equity at quarter-end was ¥6.59 billion, up 4.33% from year-end 2023.

• Non-recurring gains included government subsidies and investment income.

Outlook and guidance

• Management highlighted increased investment in plant construction and R&D, indicating continued expansion and innovation.