Zhejiang NHU Company (002001) Q3 2024 earnings summary

Executive summary

• Q3 2024 operating revenue rose 65.21% year-over-year to ¥5.94 billion; Q1–Q3 revenue up 43.31% to ¥15.78 billion.

• Net profit attributable to shareholders surged 188.87% year-over-year in Q3 to ¥1.79 billion; Q1–Q3 net profit up 89.87% to ¥3.99 billion.

• Growth driven by increased volume and price of main nutrition products.

Financial highlights

• Basic and diluted EPS for Q3 reached ¥0.58, up 190% year-over-year; Q1–Q3 EPS at ¥1.29, up 89.71%.

• Net cash flows from operating activities for Q1–Q3 increased 74.33% year-over-year to ¥4.58 billion.

• Total assets as of September 30, 2024, stood at ¥41.53 billion, up 6.07% from year-end 2023.

• Net assets attributable to shareholders rose 10.70% to ¥27.46 billion.

• Weighted average ROE for Q1–Q3 was 15.22%, up 4.21 percentage points year-over-year.

Outlook and guidance

• Company approved a ¥10 billion investment in a nylon new material project in Tianjin, signaling expansion into new materials.