Yealink Network Technology Co (300628) Q2 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached ¥2.67 billion, up 30.50% year-over-year; net profit attributable to shareholders was ¥1.36 billion, up 32.13% year-over-year.

• All major product lines—conference products, cloud office terminals, and desktop communication terminals—achieved double-digit revenue growth, with conference products up 51.27% year-over-year.

• The company maintained strong cash flow, with net cash from operating activities up 67.68% year-over-year to ¥1.11 billion.

• A mid-year cash dividend of ¥6 per 10 shares (pre-tax) was proposed, totaling ¥757 million.

• The company continues to focus on R&D, channel expansion, and product innovation to strengthen its competitive position.

Financial highlights

• Operating income: ¥2.67 billion, up 30.50% year-over-year.

• Net profit attributable to shareholders: ¥1.36 billion, up 32.13% year-over-year.

• Net profit excluding non-recurring items: ¥1.25 billion, up 38.62% year-over-year.

• Basic and diluted EPS: ¥1.0763, up 32% year-over-year.

• Operating cash flow: ¥1.11 billion, up 67.68% year-over-year.

Outlook and guidance

• The company will continue to enhance its enterprise communication solutions, expand sales channels, and reinforce long-term competitive advantages.

• Downstream demand shows continued marginal improvement, supporting a positive business outlook.

• Focus remains on product innovation, digital transformation, and ESG practices.