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Reported Q: Q3 2024 Rev YoY: +18.3% EPS YoY: -37.5% Move: -0.85%

Cheerwin Group Limited

6601.HK

HKD2.34 -0.85%

Exchange HKSE Sector Consumer Defensive Industry Household Personal Products

Q3 2024

Published: Sep 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 6601.HK

Reported

Report Date

Sep 30, 2024

Quarter Q3 2024

Revenue

285.49M

YoY: +18.3%

EPS

0.01

YoY: -37.5%

Market Move

-0.85%

Previous quarter: N/A

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Earnings Highlights

Revenue of $285.49M up 18.3% year-over-year
EPS of $0.01 decreased by 37.5% from previous year
Gross margin of 55.2%
Net income of 11.96M
"" -

6601.HK

Company 6601.HK

Period Q3 2024

Currency CNY

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

Cheerwin Group Limited reported QQ3 2024 results characterized by a solid top-line expansion on a year-over-year basis, but with profitability pressures driven by operating expenses and a seasonal/quarterly mix shift. Revenue reached 285.49M CNY, up 18.3% from Q3 2023 (241.41M) but down 54.3% versus the prior quarter (Q2 2024 at 624.57M), reflecting a pronounced QoQ decline likely tied to seasonality and channel mix. Gross profit stood at 157.67M CNY, yielding a gross margin of 55.2%, while operating income was negative at -18.86M CNY and EBITDA was -4.99M CNY, highlighting ongoing operating leverage challenges.

Key Performance Indicators

Revenue

Increasing

285.49M

QoQ: -54.29% | YoY: 18.26%

Gross Profit

Increasing

157.67M

55.23% margin

QoQ: -45.54% | YoY: 25.89%

Operating Income

Decreasing

-18.86M

QoQ: -122.75% | YoY: -210.71%

Net Income

Decreasing

11.96M

QoQ: -86.67% | YoY: -37.90%

EPS

Decreasing

0.01

QoQ: -86.63% | YoY: -37.50%

Revenue Trend

Margin Analysis

Financial Highlights

Despite the operating loss, Cheerwin delivered a positive pre-tax result driven by other income of 30.08M CNY, resulting in income before tax of 11.23M CNY and net income of 11.96M CNY (net margin 4.19%). Diluted EPS remained at 0.0090 CNY. The company generated strong operating cash flow of 84.53M CNY and free cash flow of 81.42M CNY, supporting a robust balance sheet with a net cash position. Key balance-sheet highlights include cash and short-term investments totaling 2.874B CNY and total assets of 3.801B CNY, with total liabilities of 0.812B CNY and total stockholders’ equity of 2.990B CNY. The liquidity position is reinforced by current and quick ratios of 4.25 and 3.83 respectively, and a cash ratio of 1.14. The company paid dividends of 78.53M CNY, contributing to a payout ratio of 5.92% and a dividend yield of 3.02%.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	285.49M	18.26%	-54.29%
Gross Profit	157.67M	25.89%	-45.54%
Operating Income	-18.86M	-210.71%	-122.75%
Net Income	11.96M	-37.90%	-86.67%
EPS	0.01	-37.50%	-86.63%

Key Financial Ratios

Gross Profit Margin

Good

55.20%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Weak

-0.07%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Fair

4.19%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.32%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.40%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

4.25

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Conservative

0.02

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

High Growth

49.05x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Undervalued

0.78x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	1,338.81	0.13	+369.0%	View
Q1 2025	669.40	0.07	+7.2%	View
Q4 2024	285.49	0.01	+18.3%	View
Q3 2024	285.49	0.01	+18.3%	View

Cheerwin Group Limited (6601.HK) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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