Victory Giant Technology (HuiZhou) (300476) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥2.84 billion, up 37.07% year-over-year; year-to-date revenue was ¥7.70 billion, up 34.02% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥305.59 million, up 26.70% year-over-year; year-to-date net profit was ¥764.61 million, up 30.54% year-over-year.

• The company completed the acquisition of APCB Electronics (Thailand) Co., Ltd., which is now fully consolidated.

Financial highlights

• Operating income for Q3 was ¥2.84 billion, a 37.07% increase compared to the same quarter last year.

• Net profit attributable to shareholders for Q3 was ¥305.59 million, up 26.70% year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.36, up 28.57% year-over-year.

• Year-to-date operating cash flow was ¥1.23 billion, up 72.66% year-over-year.

• Total assets at quarter-end were ¥17.91 billion, up 3.05% from the previous year-end.

Outlook and guidance

• The company is integrating its recent acquisition and expanding its international footprint.

• Plans for a share repurchase program with a budget between ¥70 million and ¥140 million, not yet executed as of quarter-end.