Suzhou Maxwell Technologies (300751) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months reached ¥7.77 billion, up 52.09% year-over-year, driven by increased orders and acceptance of solar cell production equipment.

• Net profit attributable to shareholders for the period was ¥758.51 million, a 6.30% increase year-over-year.

• Cash flow from operating activities decreased by 125.98% year-over-year due to a significant increase in matured note payments.

Financial highlights

• Q3 revenue: ¥2.90 billion, up 29.47% compared to the same quarter last year.

• Q3 net profit attributable to shareholders: ¥297.37 million, up 2.87% year-over-year.

• Basic and diluted EPS for the first nine months: ¥2.72, up over 6% year-over-year.

• Total assets at period end: ¥23.59 billion, up 1.60% from the previous year-end.

• Owner's equity attributable to shareholders: ¥7.45 billion, up 4.62% from year-end.

Key financial ratios and metrics

• Weighted average ROE for the first nine months: 10.39%, down 0.26 percentage points year-over-year.

• Gross margin for the first nine months: 30.7% (calculated from reported figures).

• Operating profit for the first nine months: ¥819.32 million.