CNPC Capital Company (000617) Q2 2024 earnings summary

Executive summary

• Total assets reached ¥1,084.72 billion as of June 30, 2024, up 1.02% from year-end 2023.

• Operating revenue for H1 2024 was ¥19.47 billion, a 4.19% year-over-year increase.

• Net profit attributable to shareholders was ¥3.04 billion, down 22.07% year-over-year.

• The company maintained stable operations across all business lines, with a focus on energy and chemical industry clients.

• No interim dividend, bonus shares, or capital reserve to share capital conversion planned for the half-year.

Financial highlights

• Operating revenue: ¥19.47 billion, up 4.19% year-over-year.

• Net profit attributable to shareholders: ¥3.04 billion, down 22.07% year-over-year.

• Net profit excluding non-recurring items: ¥2.97 billion, down 21.53% year-over-year.

• Basic and diluted EPS: ¥0.24, down 22.58% year-over-year.

• Net cash from operating activities: ¥27.34 billion, down 23.54% year-over-year.

Outlook and guidance

• The company will continue to focus on risk management, compliance, and supporting the energy and chemical sectors.

• Emphasis on developing technology finance, green finance, inclusive finance, pension finance, and digital finance.

• No major changes in business model or key performance drivers expected in the near term.