Western Superconducting Technologies (688122) H2 2024 earnings summary

Executive summary

• Revenue grew 11.60% year-over-year to RMB 4,641.07 million, with net profit attributable to shareholders up 7.64% to RMB 809.85 million.

• Focused on new markets and customers, achieving breakthroughs in new products and technologies, and optimizing sales structure.

Financial highlights

• Operating profit increased 16.29% year-over-year to RMB 1,011.82 million.

• Net profit attributable to shareholders (excluding non-recurring items) rose 13.37% to RMB 715.47 million.

• Basic EPS was RMB 1.2466, up 7.64% year-over-year.

• Total assets at year-end reached RMB 13,671.92 million, up 13.14% from the start of the year.

• Shareholders' equity increased 5.87% to RMB 6,695.96 million.

Key financial ratios and metrics

• Weighted average ROE was 12.42%, up 0.05 percentage points year-over-year.

• Book value per share rose 5.85% to RMB 10.31.