Shenzhen Zhaowei Machinery & Electronics (003021) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥412.35 million, up 33.07% year-over-year; year-to-date revenue was ¥1.06 billion, up 29.99% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥65.34 million, up 17.88% year-over-year; year-to-date net profit was ¥159.16 million, up 24.22% year-over-year.

• Excluding non-recurring items, net profit for Q3 was ¥55.74 million, up 47.90% year-over-year; year-to-date was ¥128.23 million, up 49.01% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.27, up 17.39% year-over-year; year-to-date EPS was ¥0.67, up 24.07%.

• Gross margin and operating profit improved, with operating profit for the first nine months at ¥172.72 million, up from ¥138.07 million year-over-year.

• Net cash from operating activities for the first nine months was ¥158.63 million, up 7.15% year-over-year.

• Total assets at period end were ¥3.95 billion, up 3.97% from the previous year-end.

• Shareholders’ equity at period end was ¥3.15 billion, up 2.13% from the previous year-end.

Outlook and guidance

• Increased investment in market expansion and R&D is expected to support future growth.