Sinoseal (300470) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥418.94 million, up 11.45% year-over-year; YTD revenue was ¥1.14 billion, up 15.56% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥97.50 million, up 11.94% year-over-year; YTD net profit was ¥270.93 million, up 9.15% year-over-year.

• Basic and diluted EPS for Q3 were ¥0.4795, up 13.04% year-over-year; YTD EPS was ¥1.3246, up 9.31% year-over-year.

Financial highlights

• Gross margin and operating profit improved, with weighted average ROE at 10.32% YTD, up 0.36 percentage points year-over-year.

• Net cash flow from operating activities for YTD was ¥157.79 million, down 2.93% year-over-year.

• Non-recurring gains for YTD totaled ¥18.07 million, mainly from government subsidies and investment returns.

Outlook and guidance

• No explicit forward-looking guidance provided, but recent investments and capital actions suggest continued focus on growth and shareholder returns.