Wedge Industrial (000534) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥274.58 million, up 9.16% year-over-year; year-to-date revenue was ¥777.33 million, up 6.91% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥40.78 million, up 15.51% year-over-year; year-to-date net profit was ¥138.78 million, up 13.36% year-over-year.

• Operating cash flow for Q3 was ¥51.11 million, a significant increase of 357.56% year-over-year.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases.

• Basic EPS for Q3 was ¥0.0831, up 19.57% year-over-year; year-to-date basic EPS was ¥0.2806, up 15.90% year-over-year.

• Total assets at quarter-end were ¥3.57 billion, up 14.49% from the previous year-end.

• Shareholders’ equity attributable to listed company shareholders was ¥1.24 billion, up 1.98% from year-end.

Outlook and guidance

• Increased R&D and capital expenditures signal ongoing investment in new projects and capacity.

• Management expects continued growth, supported by strong order inflow and strategic investments.