CROSBY Research – Suntien (956 HK/BUY): 3Q24 revenue up 18.7% YoY

04 Nov 2024

Suntien reported its 3Q24 P/L and operating data, with 3Q24 revenue up by 18.7% YoY to Rmb3.65bn and adjusted NP (after deducting non-recurring items) was at Rmb62.4m, up 8.0% YoY. 9M24 revenue was up by 20.3% YoY to Rmb15.8bn, while adjusted NP was flat YoY at Rmb1.48bn. Net OCF was up by 19.7% YoY to Rmb2.89bn in 9M24.