Do-Fluoride New Materials (002407) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ¥2.27 billion, down 35.60% year-over-year; YTD revenue was ¥6.88 billion, down 21.73% year-over-year.

• Net loss attributable to shareholders in Q3 was ¥45.36 million, a decrease of 123.34% year-over-year; YTD net profit was ¥24.96 million, down 94.60% year-over-year.

• Basic and diluted EPS for Q3 were both -¥0.04, a 125% decrease year-over-year; YTD EPS was ¥0.02, down 94.87% year-over-year.

Financial highlights

• Operating cash flow for Q3 was -¥675.23 million, a decline of 226.89% year-over-year.

• Gross margin and operating profit both declined sharply compared to the same period last year.

• Total assets at quarter-end were ¥22.48 billion, down 1.39% from the previous year-end.

• Shareholders’ equity was ¥8.87 billion, down 4.74% from the previous year-end.

Outlook and guidance

• Company approved a new guarantee limit of ¥100 million for a subsidiary, with flexibility to adjust based on operational needs.

• Entered into a joint venture agreement to establish a new materials company with a registered capital of ¥100 million.