Gotion High-tech Co. (002074) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥8.38 billion, up 28.16% year-over-year; YTD revenue was ¥25.17 billion, up 15.60% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥141.20 million, up 69.82% year-over-year; YTD net profit was ¥412.34 million, up 41.11%.

• Excluding non-recurring items, Q3 net profit was ¥8.11 million, down 47.31% year-over-year; YTD was ¥57.17 million, up 12.62%.

Financial highlights

• Gross margin for YTD was 17.98%, slightly up from 17.01% last year.

• Basic and diluted EPS for Q3 were ¥0.08, up 71.67% year-over-year; YTD EPS was ¥0.23, up 43.75%.

• Operating cash flow for YTD was ¥243.55 million, up 16.80% year-over-year.

• Total assets at Q3-end were ¥103.20 billion, up 10.26% from year-end 2023.

• Owner's equity attributable to shareholders was ¥25.15 billion, up 0.33% from year-end.

Key financial ratios and metrics

• Weighted average ROE for YTD was 1.66%, up 0.44 percentage points year-over-year.

• Net profit margin for YTD was 1.64%, up from 1.34% last year.

• Asset-liability ratio at Q3-end was 74.33%, up from 71.97% at year-end.