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Express News | shenzhen special zone construction group: planning to establish a joint venture company specializing in waterproof building materials and other high-tech new materials with keshun waterproof technolgies, conducting feasibility studies on relevant matters
keshun waterproof technologies (300737): Structural adjustments and continuous progress in accounts receivable disposal.
Introduction to this report: The company announced its third quarter report for 2024, with continuous adjustments to the waterproof structure, gradual recovery of Fengze shipments, improvement in gross margin year-on-year, and profit contribution from impairment reversal under the progress of housing in exchange for shares. Investment highlights: Maintain a "shareholding" rating.
Keshun Waterproof Technologies (300737): A leading company in the waterproofing industry with prominent overall advantages.
Event: The company released the third quarter report of 2024. In the first three quarters, the company achieved a total operating income of 5.14 billion yuan, -17.7% year-on-year, and achieved a net income attributable to shareholders of 0.13 billion yuan, +53.9% year-on-year; for the third quarter of 2024.
Keshun Waterproof Technologies (300737): More profit reversal from impairment, continuing improvement in profitability.
Impairment loss reversed into profit, the performance continued to improve quarterly trends. The company achieved revenue of 5.136 billion yuan in 24Q1-3, a year-on-year decrease of 17.7%, achieving a net income attributable to the parent company of 0.126 billion yuan, a year-on-year increase of 53.94%, excluding minority interests.
Keshun Waterproof Technologies (300737): Q3 revenue still under pressure, waiting for downstream demand to pick up.
Event: In Q1-Q3 2024, revenue decreased by 17.70% to 5.136 billion yuan; net income attributable to shareholders increased by 53.94% to 0.126 billion yuan; net income excluding non-recurring items decreased by 50.23% to 0.004 billion yuan. Q3 revenue 16.
keshun waterproof technologies (300737): The decline in income has narrowed quarter by quarter, cash flow temporarily under pressure.
In the third quarter of 2024, keshun waterproof technologies achieved revenue of 1.665 billion yuan (yoy-12.56%, qoq-16.15%), with a net profit attributable to the mother of 32.3311 million yuan (yoy+51.22%, qoq-21.42.