Shanghai International Airport (600009) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for the first nine months surged 141.87% year-over-year, driven by a significant increase in aviation business volume at both Shanghai airports.

• Operating revenue for the first nine months reached RMB 9.19 billion, up 16.03% compared to the same period last year.

Financial highlights

• Net profit attributable to shareholders for Q3 was RMB 386.75 million, with a year-to-date total of RMB 1.20 billion.

• Basic and diluted EPS for the first nine months were RMB 0.48, up 140% year-over-year.

• Net cash flow from operating activities for the first nine months was RMB 3.80 billion, up 87.10% year-over-year.

• Total assets at quarter-end were RMB 68.95 billion, down 0.76% from the end of last year.

• Owner's equity attributable to shareholders increased 0.58% to RMB 40.78 billion.

Outlook and guidance

• Growth in aviation business volume and operational efficiency is expected to continue supporting profitability.