Thunder Software Technology (300496) Q3 2024 earnings summary

Executive summary

• Revenue for the first three quarters of 2024 was ¥3.69 billion, down 4.7% year-over-year; net profit attributable to shareholders was ¥151.97 million, down 74.92% year-over-year.

• Q3 revenue reached ¥1.29 billion, a 5.8% sequential increase; Q3 net profit attributable to shareholders was ¥47.60 million, up 249.72% from Q2.

• Gross margin in Q3 was 35.82%, up about 2 percentage points sequentially.

• The company is actively expanding in automotive OS, industrial robotics, and edge intelligence, with global business and R&D centers established.

Financial highlights

• Q3 revenue: ¥1.29 billion, down 7.04% year-over-year.

• Q3 net profit attributable to shareholders: ¥47.60 million, down 78.17% year-over-year.

• First three quarters net profit attributable to shareholders: ¥151.97 million, down 74.92% year-over-year.

• Operating cash flow for the first three quarters: ¥464.82 million, down 14.71% year-over-year.

• Basic EPS for Q3: ¥0.1037, down 78.22% year-over-year.

Outlook and guidance

• Q3 operating results improved significantly over Q2, with sequential growth in both revenue and net profit.

• The company continues to focus on global expansion and innovation in key technology sectors.