East Money Information (300059) Q4 2024 earnings summary

Executive summary

• Achieved revenue of ¥11.60 billion in 2024, up 4.72% year-over-year; net profit attributable to shareholders rose 17.29% to ¥9.61 billion.

• Securities business revenue grew 18.07% year-over-year, while information technology services declined 20.02%.

• Investment income and fair value gains (not in revenue) reached ¥3.37 billion, up 50.79% year-over-year.

• Cash flow from operations surged to ¥44.59 billion, a 1,521% increase year-over-year.

• Board proposes a cash dividend of ¥0.60 per 10 shares, totaling ¥947 million, and completed a share buyback and cancellation of 71.45 million shares.

Financial highlights

• Operating income: ¥11.60 billion (+4.72% YoY); net profit: ¥9.61 billion (+17.29% YoY).

• Basic EPS: ¥0.6087 (+17.78% YoY); ROE: 12.64% (+0.70pp YoY).

• Total assets: ¥306.37 billion (+27.88% YoY); net assets: ¥80.73 billion (+12.18% YoY).

• Gross margin for information technology services: 84.03%; for financial e-commerce: 92.84%.

• Non-recurring gains: ¥357 million, mainly from government grants and fair value changes.

Outlook and guidance

• Will focus on R&D, AI, and digital finance, aiming to enhance core competitiveness and user experience.

• Plans to deepen digital transformation, expand wealth management, and strengthen investor relations.

• 2025 strategy includes further investment in AI, digital platforms, and personalized financial services.