Sunwoda Electronic (300207) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months reached ¥38.28 billion, up 11.54% year-over-year.

• Net profit attributable to shareholders was ¥1.21 billion, a 50.84% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) rose 90.78% year-over-year to ¥1.16 billion.

• Basic and diluted EPS for the period were both ¥0.66, up 53.49% year-over-year.

• The report was not audited.

Financial highlights

• Operating cash flow for the nine-month period was ¥2.62 billion, up 13.04% year-over-year.

• Total assets at period end were ¥85.25 billion, up 7.55% from the previous year-end.

• Owner's equity attributable to shareholders increased 1.87% to ¥23.55 billion.

• Non-recurring gains totaled ¥49.61 million for the nine months, mainly from government subsidies and financial asset changes.

Key financial ratios and metrics

• Weighted average ROE for the period was 5.17%, up 1.36 percentage points year-over-year.

• Gross margin improved as cost increases were outpaced by revenue growth.

• Basic and diluted EPS for Q3 were both ¥0.21, up 5% compared to the same quarter last year.