Victory Giant Technology (HuiZhou) (300476) H2 2024 earnings summary

Executive summary

• Revenue grew 35.31% year-over-year, driven by AI computing and data center product expansion.

• Net profit attributable to shareholders increased 72.94% year-over-year, reflecting strong operational execution.

• Company leveraged R&D and manufacturing strengths to secure major international clients and achieve large-scale production in new technology areas.

Financial highlights

• Operating income reached RMB 10.73 billion, up 35.31% compared to the same period last year.

• Operating profit was RMB 1.29 billion, a 70.11% increase year-over-year.

• Net profit attributable to shareholders was RMB 1.16 billion, up 72.94% year-over-year.

• Basic EPS was RMB 1.35, up 73.08% year-over-year.

• Weighted average ROE improved to 14.02% from 9.35% a year ago.

Outlook and guidance

• No difference between this performance report and previous earnings forecasts.

• Final audited results will be disclosed in the 2024 annual report.