YOUNGY (002192) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ¥153.12 million, down 24.59% year-over-year; year-to-date revenue was ¥403.76 million, down 51.84% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥16.80 million, a 69.82% decrease year-over-year; year-to-date net profit was ¥182.77 million, down 48.94%.

• The decline in revenue and profit was mainly due to lower sales prices and volumes in the lithium concentrate business, reflecting a challenging market environment for new energy battery materials.

Financial highlights

• Gross margin and operating profit both declined significantly, with operating profit for the period at ¥197.79 million, down 49.22% year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.0647, down 69.82% year-over-year; year-to-date EPS was ¥0.7039, down 48.94%.

• Net cash flow from operating activities for Q3 was ¥352.18 million, up 73.01% year-over-year.

• Total assets at period end were ¥4.29 billion, down 2.39% from the previous year-end.

• Shareholders’ equity increased 3.26% to ¥3.33 billion.

Outlook and guidance

• The company expects continued pressure on lithium concentrate prices and demand, with ongoing market volatility in the new energy sector.