Dongjiang Environmental Company (895) Q3 2024 earnings summary

Executive summary

• Report covers the period from July 1, 2024, to September 30, 2024, and is unaudited.

• Net loss attributable to shareholders narrowed to RMB -96.92 million in Q3 2024, a 38.66% year-over-year reduction in loss.

• Revenue for Q3 2024 was RMB 913.92 million, down 6.76% year-over-year; year-to-date revenue was RMB 2.47 billion, down 17.39%.

Financial highlights

• Net profit attributable to shareholders for the first nine months was RMB -354.28 million, a slight 0.74% improvement year-over-year.

• Basic and diluted EPS for the first nine months were both -0.32 RMB/share, unchanged year-over-year.

• Total assets at September 30, 2024, were RMB 11.61 billion, down 4.55% from year-end 2023.

• Owners' equity attributable to shareholders was RMB 4.05 billion, down 9.82% from year-end 2023.

• Net cash flow from operating activities for the first nine months was RMB -107.63 million, a 37.99% improvement year-over-year.

Outlook and guidance

• No explicit forward-looking guidance provided, but narrowing losses and improved cash flow indicate ongoing efforts to stabilize operations.