Guangzhou Guangri (600894) investor relations material

Executive summary

• 9M revenue grew 0.81% YoY to RMB 4,856,233,049.49, while attributable net income fell 28.01% to RMB 286,536,438.94.

• Q3 revenue increased 2.10% YoY, but profit attributable to shareholders declined 11.39%.

Financial highlights

• Q3 revenue was RMB 1,736,291,048.72, up 2.10% YoY; 9M revenue was RMB 4,856,233,049.49, up 0.81%.

• 9M total profit was RMB 305,652,930.60, down 28.02% YoY; attributable net income was RMB 286,536,438.94, down 28.01%.

• Q3 attributable net income was RMB 155,196,668.02, down 11.39% YoY; excluding non-recurring items, net income was RMB 140,670,438.05, down 8.71%.

• 9M net income excluding non-recurring items was RMB 300,408,932.10, down 10.16% YoY.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.1836 in Q3, each down 10.87% YoY; 9M EPS was RMB 0.3374, down 27.25%.

• Weighted average ROE was 1.75% in Q3, down 0.28 percentage points YoY; 9M ROE was 3.24%, down 1.30 percentage points.

• At Sept. 30, total assets were RMB 14,444,168,193.11, down 4.51% from year-end; equity attributable to shareholders was RMB 8,757,491,560.33, down 1.39%.