Lens Technology (300433) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months reached ¥46.23 billion, up 36.74% year-over-year, driven by growth in consumer electronics.

• Net profit attributable to shareholders was ¥2.37 billion, a 43.74% increase year-over-year.

• Operating cash flow for the period was ¥6.29 billion, up 49.94% year-over-year.

Financial highlights

• Q3 revenue was ¥17.36 billion, up 27.37% compared to the same quarter last year.

• Q3 net profit attributable to shareholders was ¥1.51 billion, up 46.27% year-over-year.

• Basic and diluted EPS for the first nine months were both ¥0.48, up 45.45% year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

Outlook and guidance

• Revenue and profit growth are expected to continue, supported by strong consumer electronics demand.