Xizang Zhufeng Resources (600338) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for Q3 surged 687.80% year-over-year, driven by cost control and higher product prices.

• Revenue for the first nine months was ¥1.18 billion, down 10.05% year-over-year.

• Basic and diluted EPS for Q3 were ¥0.0998, up 685.83% year-over-year.

Financial highlights

• Q3 revenue: ¥448.75 million; first nine months: ¥1.18 billion.

• Net profit for Q3: ¥91.25 million; first nine months: ¥219.22 million, up 195.41% year-over-year.

• Gross margin improved due to lower costs and higher product prices.

• Operating cash flow for the first nine months: ¥105.90 million, down 68.46% year-over-year.

• Total assets at Q3-end: ¥5.95 billion; shareholders’ equity: ¥3.69 billion.

Outlook and guidance

• Management expects continued benefit from cost control and product pricing.