CNPC Capital Company (000617) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥9.75 billion, up 2.28% year-over-year; YTD revenue was ¥29.22 billion, up 3.55% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥1.30 billion, down 4.57% year-over-year; YTD net profit was ¥4.34 billion, down 17.55% year-over-year.

• Net profit excluding non-recurring items for Q3 was ¥1.01 billion, down 24.02% year-over-year; YTD was ¥3.98 billion, down 22.18% year-over-year.

Financial highlights

• Total assets at Q3-end were ¥1.10 trillion, up 2.89% from year-end 2023.

• Shareholders' equity attributable to listed company shareholders was ¥102.00 billion, up 1.87% from year-end 2023.

• Operating cash flow for Q3 was ¥90.42 billion, down 4.66% year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.10, down 9.09% year-over-year; YTD EPS was ¥0.34, down 19.05% year-over-year.

• Weighted average ROE for Q3 was 1.27%, down 0.1 percentage points; YTD was 4.29%, down 1.07 percentage points.

Key financial ratios and metrics

• Non-recurring gains for Q3 totaled ¥289 million, mainly from disposal of non-current assets and government subsidies.

• Net profit margin for Q3 was approximately 13.3%.

• Asset-liability ratio at Q3-end was about 83.1%.