Wus Printed Circuit (Kunshan) Co. (002463) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥3.59 billion, up 54.67% year-over-year; YTD revenue was ¥9.01 billion, up 48.15% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥707.56 million, up 53.66% year-over-year; YTD net profit was ¥1.85 billion, up 93.94% year-over-year.

• Excluding non-recurring items, YTD net profit rose 105.80% year-over-year to ¥1.81 billion.

Financial highlights

• Basic EPS for Q3 was ¥0.3695, up 52.88% year-over-year; YTD basic EPS was ¥0.9662, up 92.89%.

• Gross margin and net margin improved significantly, with ROE up 6.78 percentage points year-over-year to 17.83%.

• Operating cash flow for the first three quarters was ¥1.86 billion, up 8.13% year-over-year.

• Total assets at period end were ¥19.11 billion, up 19.16% from year-end 2023.

• Shareholders’ equity reached ¥10.95 billion, up 11.92% from year-end 2023.

Outlook and guidance

• Strong order momentum and increased sales volume cited as key drivers for revenue and profit growth.

• Continued investment in capacity expansion, including ongoing construction of the Thailand plant.