Suzhou Dongshan Precision Manufacturing Co (002384) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥9.84 billion, up 11.37% year-over-year; net profit attributable to shareholders was ¥506.75 million, nearly flat from last year.

• For the first nine months, revenue totaled ¥26.47 billion, up 17.62% year-over-year, while net profit attributable to shareholders was ¥1.07 billion, down 19.91%.

• New energy business sales reached ¥6.16 billion in the first nine months, a 36.89% year-over-year increase.

Financial highlights

• Operating cash flow for the first nine months was ¥2.86 billion, down 22.81% year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.3, unchanged year-over-year; nine-month EPS was ¥0.62, down 20.51%.

• Total assets at quarter-end were ¥45.67 billion, up 2.94% from year-end 2023; equity attributable to shareholders was ¥18.81 billion, up 3.7%.

• Non-recurring items contributed ¥58.92 million to net profit in the first nine months.

Outlook and guidance

• The company completed the cancellation of 3.95 million repurchased shares, reducing total share capital and registered capital.