Industrial Securities Co. (601377) Q3 2024 earnings summary

Executive summary

• Achieved a 78.26% year-over-year increase in Q3 operating revenue, driven by improved market activity and proprietary trading gains.

• Net profit attributable to shareholders for the first nine months was ¥1.32 billion, down 16.51% year-over-year.

• Basic and diluted EPS for the first nine months were ¥0.1438, a 21.46% decrease year-over-year.

Financial highlights

• Q3 operating revenue: ¥3.42 billion; first nine months: ¥8.81 billion (down 0.52% year-over-year).

• Net profit attributable to shareholders in Q3: ¥378 million; first nine months: ¥1.32 billion (down 16.51% year-over-year).

• Net cash flow from operating activities for the first nine months: ¥34.26 billion, a significant increase from the prior year.

• Total assets at quarter-end: ¥290.78 billion, up 6.28% from year-end 2023.

Outlook and guidance

• Management attributes Q3 revenue growth to policy support and a rebound in A-share market activity, boosting proprietary trading income.