SUPCON Technology (688777) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥9.14 billion, up 6.02% year-over-year; net profit attributable to shareholders was ¥1.12 billion, up 1.38% year-over-year.

• Excluding GDR exchange gains/losses, adjusted net profit grew 9.60% year-over-year; adjusted net profit excluding non-recurring items rose 20.26%.

• R&D investment increased 7.73% to ¥978 million, representing 10.70% of revenue.

• Cash dividend of ¥7.10 per 10 shares proposed, totaling ¥557.86 million, 49.94% of net profit.

Financial highlights

• Operating cash flow was ¥434 million, up 126.69% year-over-year due to improved contract terms.

• Gross margin was 33.78%, up 0.61 percentage points year-over-year.

• Basic and diluted EPS were both ¥1.42.

• Weighted average ROE was 11.14%, down 2.56 percentage points year-over-year.

• Quarterly revenue and profit showed seasonality, with Q4 being the strongest.

Outlook and guidance

• Company will continue to invest in industrial AI, digital transformation, and international expansion.

• Strategic focus on “1+2+N” industrial AI architecture and global leadership in industrial AI.

• 2025 plans include further AI product integration, international market growth, and ecosystem partnerships.