HBIS Company (000709) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for Q3 2024 was ¥155.5 million, down 47.12% year-over-year, with year-to-date net profit at ¥568.7 million, down 29.34% year-over-year.

• Revenue for Q3 2024 reached ¥30.53 billion, a 2.47% decrease compared to the same quarter last year; year-to-date revenue was ¥89.35 billion, down 6.59% year-over-year.

• Profitability declined mainly due to market price factors impacting earnings.

Financial highlights

• Net profit attributable to shareholders for Q3: ¥155.5 million (-47.12% YoY); YTD: ¥568.7 million (-29.34% YoY).

• Revenue for Q3: ¥30.53 billion (-2.47% YoY); YTD: ¥89.35 billion (-6.59% YoY).

• Basic and diluted EPS for Q3: ¥0.0063 (-68.5% YoY); YTD: ¥0.0363 (-39.5% YoY).

• Net cash flow from operating activities for Q3: ¥7.87 billion (-3.8% YoY).

• Non-recurring gains for Q3: ¥97.36 million, mainly from compensation and government subsidies.

Outlook and guidance

• Profitability is expected to remain under pressure due to continued market price volatility.