Shenzhen Capchem Technology (300037) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached ¥2.08 billion, down 3.02% year-over-year; YTD revenue was ¥5.67 billion, up 1.51% year-over-year.

• Net profit attributable to shareholders in Q3 was ¥285.67 million, up 1.89% year-over-year; YTD net profit was ¥701.47 million, down 12.00% year-over-year.

• Operating cash flow for the first nine months was -¥189.84 million, a significant decline from ¥2.50 billion in the prior year period.

Financial highlights

• Q3 basic EPS was ¥0.38, flat year-over-year; YTD basic EPS was ¥0.93, down 13.08% year-over-year.

• Q3 gross margin and segment breakdowns not specified; YTD weighted average ROE was 7.48%, down 1.82 percentage points year-over-year.

• Total assets at quarter-end were ¥17.14 billion, down 2.73% from year-end 2023; shareholders' equity rose 4.09% to ¥9.55 billion.

• Non-recurring items reduced YTD net profit by ¥4.93 million; main items included government subsidies and investment gains.

Outlook and guidance

• The company extended the expected operational date for a major lithium additive project to December 31, 2024.

• Adjustments were made to the implementation and location of the Netherlands lithium battery electrolyte project.