Zhuhai Bojay Electronics (002975) Q1 2024 earnings summary

Executive summary

• Q1 revenue rose 41.51% YoY to ¥275.03m; net profit attributable to shareholders was ¥10.63m, versus a ¥10.55m loss a year earlier.

• Consolidated net income was ¥7.07m, compared with a ¥14.07m loss in Q1 2023.

Financial highlights

• Operating profit was ¥10.22m, versus an operating loss of ¥19.88m YoY; total costs were ¥260.41m, up from ¥220.49m.

• Net profit attributable to shareholders excluding non-recurring items was ¥5.65m, versus a ¥12.06m loss YoY.

• Non-recurring gains totaled ¥4.98m, including investment-product gains of ¥2.24m and government grants of ¥1.09m.

Key financial ratios and metrics

• Basic and diluted EPS were both ¥0.08, versus -¥0.08 in Q1 2023.

• Weighted-average return on equity was 0.65%, versus -0.62% YoY.

• Total assets at March 31 were ¥2.83bn, up 3.73% from year-end; equity attributable to shareholders was ¥1.68bn, up 2.06%.