Tiandi Science & Technology (600582) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for Q3 2024 rose 9.98% year-over-year to ¥643.3 million, with year-to-date net profit up 10.34% to ¥2.18 billion.

• Revenue for Q3 2024 was ¥7.10 billion, down 3.43% year-over-year, while year-to-date revenue increased 0.37% to ¥21.99 billion.

• Basic and diluted EPS for Q3 reached ¥0.156, up 10.64% year-over-year; year-to-date EPS was ¥0.526, up 10.50%.

Financial highlights

• Gross margin and operating profit improved, with operating profit for the first nine months at ¥3.17 billion.

• Net cash flow from operating activities for the first nine months was negative at -¥1.62 billion.

• Total assets at quarter-end were ¥53.40 billion, up 0.32% from year-end 2023.

• Shareholders’ equity increased 4.63% to ¥24.00 billion.

Outlook and guidance

• Management highlighted increased business volume and government subsidies as key drivers for profit growth.