Zhejiang JIULI Hi-tech Metals (002318) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥2.31 billion, down 3.23% compared to the same quarter last year.

• Net profit attributable to shareholders for Q3 was ¥400.85 million, a 1.31% increase year-over-year.

• Year-to-date revenue totaled ¥7.14 billion, up 16.07% year-over-year.

• Year-to-date net profit attributable to shareholders was ¥1.04 billion, down 5.68% year-over-year.

Financial highlights

• Gross margin improved as revenue grew faster than cost of sales year-to-date.

• Operating cash flow for the first nine months was ¥370.13 million, down 6.74% year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.42, up 2.44% year-over-year; year-to-date EPS was ¥1.09, down 4.39%.

• Total assets at Q3-end were ¥13.95 billion, up 7.19% from year-end 2023.

• Shareholders’ equity reached ¥7.58 billion, up 4.67% from year-end 2023.

Outlook and guidance

• Management implemented a “Quality and Return Enhancement” action plan to support high-quality growth and investor returns.