Sieyuan Electric (002028) H2 2024 earnings summary

Executive summary

• Achieved total operating revenue of ¥15.46 billion, up 24.06% year-over-year.

• Net profit attributable to shareholders reached ¥2.09 billion, a 33.82% increase year-over-year.

• Operating cash flow was ¥2.45 billion, up 7.92% from the previous year.

• Focused on innovation and international market expansion, leveraging new power system opportunities.

Financial highlights

• Operating profit rose 36.66% year-over-year to ¥2.43 billion.

• Total profit increased 37.08% year-over-year to ¥2.43 billion.

• Net profit after non-recurring items was ¥1.91 billion, up 34.67% year-over-year.

• Basic EPS was ¥2.69, up 33.17% year-over-year.

Key financial ratios and metrics

• Weighted average ROE improved to 18.06% from 15.90% year-over-year.

• Total assets grew 25.55% to ¥23.52 billion at period end.

• Shareholders' equity increased 19.60% to ¥12.42 billion.

• Net assets per share rose 19.00% to ¥15.97.