Hengyi Petrochemical (000703) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ¥30.05 billion, down 19.25% year-over-year; net profit attributable to shareholders was -¥199 million, a decrease of 253.14% year-over-year.

• Year-to-date revenue reached ¥94.81 billion, down 6.61% from the same period last year; net profit attributable to shareholders was ¥230.91 million, up 11.93% year-over-year.

• Non-recurring gains contributed ¥209.8 million year-to-date, mainly from investment income of associates and joint ventures.

Financial highlights

• Gross margin and operating income not explicitly disclosed; basic and diluted EPS for Q3 were -¥0.06, down 250% year-over-year.

• Cash flow from operating activities for the first nine months was ¥484.59 million, up 13.44% year-over-year.

• Total assets at period end were ¥109.93 billion, up 1.74% from year-end; shareholders' equity was ¥24.43 billion, down 3.10%.

• Comprehensive income attributable to shareholders for the first nine months was ¥34.91 million, down sharply from ¥427.29 million last year.

Outlook and guidance

• No explicit forward-looking guidance provided; management commentary on market or future performance not included.