Wus Printed Circuit (Kunshan) Co. (002463) H2 2024 earnings summary

Executive summary

• Revenue reached RMB 13.34 billion, up 49.26% year-over-year, driven by demand in high-speed computing and AI sectors.

• Net profit attributable to shareholders rose 71.05% year-over-year to RMB 2.59 billion.

• PCB business revenue grew 49.78% year-over-year to RMB 12.84 billion, with gross margin improving to 35.85%.

Financial highlights

• Operating profit increased 73.28% year-over-year to RMB 2.96 billion.

• Total assets at year-end were RMB 21.22 billion, up 32.35% from the start of the year.

• Basic EPS rose 70.14% year-over-year to RMB 1.3516.

• Weighted average ROE improved to 24.25%, up 7.41 percentage points year-over-year.

• Net assets per share increased 20.27% year-over-year to RMB 6.17.

Outlook and guidance

• Financial data are preliminary and unaudited; final results may differ.