East Money Information (300059) Q2 2024 earnings summary

Executive summary

• Revenue for H1 2024 was ¥4.94 billion, down 14.00% year-over-year; net profit attributable to shareholders was ¥4.06 billion, down 4.00% year-over-year.

• Cash flow from operating activities reached ¥10.25 billion, a significant turnaround from negative cash flow in the prior year.

• Securities business and fund sales remained core, with digital and AI-driven upgrades in products and services.

• Completed share buyback and cancellation of 71.45 million shares, reducing total share capital by 0.45%.

• No interim dividend, bonus shares, or capital increase from reserves for the half-year.

Financial highlights

• Operating income: ¥4.94 billion, down 14.00% year-over-year; net profit: ¥4.06 billion, down 4.00%.

• Excluding non-recurring items, net profit was ¥3.88 billion, down 4.87% year-over-year.

• Basic and diluted EPS: ¥0.2568, down 3.60% year-over-year.

• Total assets at period end: ¥239.58 billion, down 9.82% from year-end; net assets: ¥75.04 billion, down 4.28%.

• Non-recurring gains mainly from government subsidies and financial asset fair value changes, totaling ¥176.65 million.

Outlook and guidance

• Company will continue to focus on core business, invest in R&D, and enhance digital and AI capabilities.

• Expects further improvement in user experience and product innovation, leveraging AI and data integration.

• No interim dividend planned; focus remains on long-term value creation and sustainable growth.