Beijing-Shanghai High-Speed Railway (601816) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was RMB 11.49 billion, down 0.94% compared to the same quarter last year; net profit attributable to shareholders was RMB 3.66 billion, down 3.17% year-over-year.

• For the first nine months, revenue reached RMB 32.36 billion, up 4.77% year-over-year; net profit attributable to shareholders was RMB 10.02 billion, up 12.35% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 2024 were RMB 0.0745, down 3.12% year-over-year; for the first nine months, EPS was RMB 0.2039, up 12.34% year-over-year.

• Net cash flow from operating activities in Q3 was RMB 5.42 billion, down 19.73% year-over-year; for the first nine months, it was RMB 15.74 billion, down 2.80% year-over-year.

• Total assets at September 30, 2024, were RMB 283.30 billion, down 3.05% from year-end 2023.

• Owner's equity attributable to shareholders was RMB 199.83 billion, up 2.49% from year-end 2023.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 1.85%, down 8.07% year-over-year; for the first nine months, it was 5.05%, up 6.76% year-over-year.