Shenzhen Senior Technology Material (300568) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached ¥951.74 million, up 11.45% year-over-year, with YTD revenue at ¥2.61 billion, up 17.86% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥107.21 million, down 62.84% year-over-year; YTD net profit was ¥349.37 million, down 47.66% year-over-year.

• Non-recurring gains contributed ¥17.38 million in Q3 and ¥82.40 million YTD.

Financial highlights

• Q3 basic and diluted EPS were ¥0.08, down 63.64% year-over-year; YTD EPS was ¥0.26, down 50%.

• Operating cash flow for Q3 was ¥334.92 million, down 63.36% year-over-year.

• Gross margin and EBIT not explicitly disclosed; financial expenses increased significantly due to higher interest costs.

• Total assets at Q3-end were ¥20.83 billion, up 16.07% from year-end 2023.

• Shareholders' equity at Q3-end was ¥17.95 billion, up 0.39% from year-end 2023.

Outlook and guidance

• Company accelerated construction of the Foshan Xingyuan production base during the period.