Yunnan Baiyao Group (000538) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥9.46 billion, up 0.86% year-over-year; YTD revenue was ¥29.92 billion, up 0.76% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥1.14 billion, down 12.16% year-over-year; YTD net profit was ¥4.33 billion, up 4.93% year-over-year.

• Excluding non-recurring items, Q3 net profit attributable to shareholders grew 1.23% year-over-year; YTD adjusted net profit rose 10.68%.

• Cash flow from operating activities for the first nine months was ¥4.07 billion, up 57.29% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.63, down 13.70% and 12.50% year-over-year, respectively; YTD EPS was ¥2.42, up 4.76% and 5.22%.

• Gross margin and net margin details not explicitly provided; operating profit for the period was ¥5.01 billion.

• Total assets at Q3-end were ¥55.61 billion, up 3.40% from year-end 2023; equity attributable to shareholders was ¥40.52 billion, up 1.61%.

Outlook and guidance

• Major shareholder Yunnan State-owned Equity Operation Management Co. plans to increase its stake by at least ¥500 million and up to ¥1 billion within six months from August 2024.