OFILM Group Co. (002456) Q2 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached ¥9.54 billion, up 51.02% year-over-year, with net profit attributable to shareholders at ¥39.14 million, a turnaround from a loss last year.

• Growth driven by increased order volume, higher value-added product sales, and improved profitability.

• The company continues to invest in R&D, focusing on optical and optoelectronic products for smartphones, automotive, and new sectors.

Financial highlights

• Operating income: ¥9.54 billion, up 51.02% year-over-year.

• Net profit attributable to shareholders: ¥39.14 million, compared to a loss of ¥353.68 million last year.

• Operating cash flow: ¥317.24 million, up 401.08% year-over-year.

• Basic EPS: ¥0.0120, up from -¥0.1086 year-over-year.

• Gross margin: 10.88%, up 6.03 percentage points year-over-year.

Outlook and guidance

• The company expects continued growth in smartphones, automotive, and new business sectors, leveraging high-end product innovation and market recovery.

• Plans to further increase R&D investment and optimize product structure to enhance profitability.