Sharetronic Data Technology Co Ltd (300857) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥7.41 billion in 2024, up 59.08% year-over-year; net profit attributable to shareholders was ¥691.78 million, up 140.80% year-over-year.

• Gross margin improved, driven by growth in AI-enabled cloud services, smart storage, and overseas smart security businesses.

• Significant investments in R&D and expansion of AI, cloud, and smart terminal product lines.

• Major business lines include smart storage, AIoT terminals, cloud platforms, server remanufacturing, and AI computing services.

• Enhanced supply chain management and cost control contributed to improved profitability.

Financial highlights

• Operating income: ¥7.41 billion, up 59.08% year-over-year.

• Net profit attributable to shareholders: ¥691.78 million, up 140.80% year-over-year.

• Net profit after non-recurring items: ¥671.32 million, up 144.33% year-over-year.

• Basic and diluted EPS: ¥2.83, up 130.08% year-over-year.

• Total assets: ¥7.30 billion, up 43.06% from previous year-end.

• Net cash from operating activities: ¥98.99 million, up 202.41% year-over-year.

Outlook and guidance

• Plans to further expand AI computing services and build a global intelligent computing ecosystem.

• Focus on strengthening cloud services, aiming to become a leading global integrated cloud platform.

• Continued investment in service robotics, including quadruped and humanoid robots, to enhance smart manufacturing capabilities.