Ninestar (002180) H2 2024 earnings summary

Executive summary

• Achieved revenue of RMB 26.41 billion, up 9.74% year-over-year, with net profit attributable to shareholders at RMB 764 million, a 112.36% increase year-over-year.

• Expanded global market presence and improved product shipment structure, with significant investment in R&D and brand building.

Financial highlights

• Operating profit reached RMB 1.35 billion, compared to a loss of RMB 9.16 billion in the prior year.

• Total assets at year-end were RMB 37.94 billion, down 0.86% from the start of the year.

• Shareholders' equity increased 5.73% to RMB 10.03 billion.

• Basic EPS was RMB 0.5442, up from a loss of RMB 4.3950 per share year-over-year.

Outlook and guidance

• No difference between this performance report and previous earnings guidance.