Shandong Xinjufeng Technology Packaging (301296) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached ¥426.14 million, up 15.31% year-over-year; YTD revenue was ¥1.25 billion, up 0.98%.

• Net profit attributable to shareholders for Q3 was ¥38.77 million, up 19.91% year-over-year; YTD net profit was ¥124.73 million, up 11.91%.

• Basic and diluted EPS for Q3 were ¥0.09, up 12.5% year-over-year; YTD EPS was ¥0.30, up 11.11%.

Financial highlights

• Operating cash flow for the first nine months was ¥309.25 million, up 48.13% year-over-year.

• Total assets at Q3-end were ¥3.41 billion, up 8.88% from year-end 2023; equity attributable to shareholders was ¥2.52 billion, up 13.22%.

• Non-recurring gains for the first nine months totaled ¥13.10 million, mainly from government subsidies and financial asset gains.

• Management expenses rose 60.26% year-over-year due to increased acquisition-related costs.

• Investment income surged to ¥39.39 million from a loss last year, mainly due to dividend declarations.

Outlook and guidance

• Company is actively pursuing a major asset acquisition, aiming to further expand through the acquisition of Fuwei Packaging shares.