Zhuhai Bojay Electronics (002975) Q3 2024 earnings summary

Executive summary

• Q3 revenue rose 15.66% YoY to ¥251.2M, while net income attributable to shareholders was a ¥16.6M loss; YTD revenue increased 23.03% to ¥823.5M and attributable net income was ¥1.5M.

• YTD operating cash flow fell to a ¥209.7M outflow, driven by lower customer receipts and higher cash payments for purchases.

Financial highlights

• Q3 revenue was ¥251.2M, up 15.66% YoY; YTD revenue was ¥823.5M, up 23.03%.

• Q3 net loss attributable to shareholders was ¥16.6M; YTD attributable net income was ¥1.5M, up 128.43% YoY.

• Adjusted for non-recurring items, attributable net loss was ¥19.4M in Q3 and ¥10.3M YTD; the YTD loss narrowed 29.83% YoY.

• YTD consolidated net loss was ¥3.1M, compared with a ¥16.2M loss in the prior-year period.

Key financial ratios and metrics

• Basic and diluted EPS were both -¥0.12 for Q3 and ¥0.01 YTD.

• Weighted average ROE was -0.98% for Q3 and 0.09% YTD.

• At September 30, total assets were ¥2.735B, up 0.23% from year-end; equity attributable to shareholders was ¥1.673B, up 1.87%.