East Money Information (300059) Q3 2024 earnings summary

Executive summary

• Q3 revenue reached ¥2.36 billion, down 13.86% year-over-year; net income attributable to shareholders was ¥1.82 billion, down 0.40% year-over-year.

• Nine-month revenue totaled ¥7.30 billion, a 13.96% decrease year-over-year; net income for the period was ¥6.04 billion, down 2.69%.

• Cash flow from operating activities surged 825.66% to ¥64.12 billion for the nine months, driven by increased net inflow from securities brokerage.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.1258, up 0.56% year-over-year; nine-month EPS was ¥0.3826, down 2.30%.

• Total assets at period-end were ¥326.48 billion, up 36.27% from last year-end; shareholders' equity rose 6.92% to ¥76.94 billion.

• Non-recurring gains for the nine months were ¥345 million, mainly from government subsidies and tax rebates.

Segment performance

• Investment income rose 32.21% year-over-year to ¥2.10 billion, mainly from fixed income proprietary trading.

• Fair value gains increased 1115.46% to ¥308 million, reflecting improved market conditions.

• Sales expenses dropped 38.54% due to reduced marketing spending.