Chunbo (A27828) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ₩37.5 billion, down 24% year-over-year, with a cumulative nine-month revenue of ₩113.2 billion, a 38% decrease from the prior year.

• Operating loss for the nine months was ₩25.3 billion, compared to an operating profit of ₩3.5 billion in the same period last year.

• Net loss attributable to controlling interests for the nine months was ₩50.1 billion, compared to a net loss of ₩41.7 billion in the prior year.

Financial highlights

• Gross margin for the nine months was negative, with cumulative gross loss of ₩18.6 billion.

• Operating cash flow for the nine months was ₩16.7 billion, down from ₩49.2 billion in the prior year.

• Cash and cash equivalents at quarter-end were ₩25.5 billion, down from ₩60.8 billion at the end of last year.

• Total assets stood at ₩944.0 billion, with total liabilities of ₩647.5 billion and equity of ₩296.4 billion.

Outlook and guidance

• Management notes ongoing market challenges but highlights sufficient liquidity and capital to support ongoing operations and investments.

• No specific forward guidance provided, but the company continues to invest in R&D and capacity expansion.