JIANGSU PHOENIX PUBLISHING & MEDIA (601928) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was RMB 9.56 billion, down 0.94% year-over-year.

• Net profit attributable to shareholders for the same period was RMB 1.34 billion, a decrease of 24.27% year-over-year.

• Q3 net profit attributable to shareholders dropped 44.33% compared to the same quarter last year.

Financial highlights

• Operating cash flow for the first nine months was RMB 1.17 billion, down 55.41% year-over-year.

• Basic EPS for the first nine months was RMB 0.5279, down 24.27% year-over-year.

• Total assets at September 30, 2024, were RMB 31.45 billion, up 0.33% from year-end 2023.

• Owner's equity attributable to shareholders was RMB 19.18 billion, up 0.20% from year-end 2023.

Key financial ratios and metrics

• Weighted average ROE for the first nine months was 6.62%, down 3.24 percentage points year-over-year.

• Gross margin and other profitability metrics not explicitly disclosed.