Sinoseal (300470) H2 2024 earnings summary

Executive summary

• Achieved revenue of ¥1,566.52 million, up 14.40% year-over-year; net profit attributable to shareholders was ¥392.45 million, up 13.21% year-over-year.

• Operating cash flow reached ¥322.34 million, up 3.03% year-over-year.

• Gross margin was 48.34%, down 1.30 percentage points year-over-year.

• International business revenue reached ¥200 million, up ~50% year-over-year.

• Board approved a cash dividend of ¥5 per 10 shares.

Financial highlights

• Revenue: ¥1,566.52 million (+14.40% YoY); Net profit: ¥392.45 million (+13.21% YoY).

• Operating cash flow: ¥322.34 million (+3.03% YoY).

• Basic and diluted EPS: ¥1.9216 (+13.61% YoY).

• Total assets: ¥3,226.91 million (+6.50% YoY); Net assets: ¥2,673.38 million (+4.75% YoY).

• R&D investment: ¥75.77 million, 4.84% of revenue.

Outlook and guidance

• 2025 revenue target: ¥1,743.85 million (+11.32% YoY); net profit target: ¥412.26 million (+5.05% YoY).

• Focus on high-end product innovation, digital transformation, and international expansion.

• Continued high R&D intensity (~5% of revenue) and talent development.