Unisplendour (000938) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached ¥20.89 billion, up 8.97% year-over-year; net profit attributable to shareholders was ¥581 million, up 12.06% year-over-year.

• For the first nine months, revenue totaled ¥58.84 billion, up 6.56% year-over-year; net profit attributable to shareholders was ¥1.58 billion, up 2.65% year-over-year.

• Focused on ICT infrastructure upgrades, AI empowerment, and expanding domestic and international market presence.

Financial highlights

• Q3 basic and diluted EPS were ¥0.2032, up 12.06% year-over-year; nine-month EPS was ¥0.5530, up 2.65%.

• Operating cash flow for the first nine months was -¥2.40 billion, a 45.34% improvement year-over-year.

• Total assets at Q3-end were ¥85.08 billion, down 2.5% from year-end 2023.

• Shareholders' equity fell 60.2% to ¥13.51 billion due to major asset transactions.

Outlook and guidance

• Accelerating AI for ALL strategy and digital transformation in key sectors.

• Continued focus on expanding international business, with H3C brand overseas revenue up 69.26% year-over-year for the first nine months.