Wens Foodstuff Group (300498) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥28.64 billion, up 21.89% year-over-year; net profit attributable to shareholders was ¥5.08 billion, a surge of 3,097.03% year-over-year.

• Year-to-date revenue totaled ¥75.38 billion, up 16.53% year-over-year; net profit attributable to shareholders was ¥6.41 billion, up 241.47% year-over-year.

• Operating cash flow for the first nine months was ¥12.79 billion, up 126.74% year-over-year.

Financial highlights

• Basic EPS for Q3 was ¥0.7640, up 3,070.12% year-over-year; diluted EPS was ¥0.7222, up 2,896.68%.

• Gross margin and operating profit improved significantly due to higher sales volume and increased pork prices.

• Net profit excluding non-recurring items for Q3 was ¥5.10 billion, up 1,715.54% year-over-year.

• Total assets at quarter-end were ¥93.42 billion, up 0.57% from year-end; shareholders' equity was ¥39.28 billion, up 18.81%.

Outlook and guidance

• Profit growth attributed to improved performance in the livestock sector, with expectations for continued positive momentum if market conditions remain favorable.