Anhui Heli (600761) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was RMB 4.40 billion, down 0.11% year-over-year; YTD revenue reached RMB 13.41 billion, up 2.11% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 298 million, down 9.18% year-over-year; YTD net profit was RMB 1.10 billion, up 11.63% year-over-year.

• Basic EPS for Q3 was RMB 0.37, down 15.91% year-over-year; YTD EPS was RMB 1.36, up 2.26% year-over-year.

Financial highlights

• Operating cash flow for Q3 was RMB 257.85 million, down 75.58% year-over-year due to increased cash outflows for goods and services.

• Non-recurring gains YTD totaled RMB 136.82 million, mainly from investment returns and government subsidies.

• Total assets at Q3-end were RMB 18.72 billion, up 10.77% from year-end 2023.

• Shareholders’ equity attributable to listed company shareholders was RMB 10.23 billion, up 31.84% from year-end 2023, mainly due to convertible bond conversions.

Outlook and guidance

• The company completed the redemption of its convertible bonds in July 2024, increasing total share capital from 740.18 million to 890.69 million shares.