Beijing New Building Materials (000786) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥6.77 billion, up 19.82% year-over-year; net profit attributable to shareholders was ¥931 million, up 8.23% year-over-year.

• Year-to-date revenue totaled ¥20.36 billion, up 19.44% year-over-year; net profit attributable to shareholders was ¥3.15 billion, up 14.12% year-over-year.

• Significant asset and liability changes were driven by new acquisitions, sales growth, and changes in financial management.

Financial highlights

• Operating cash flow for the first nine months was ¥2.71 billion, up 38.01% year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.551, up 8.25% year-over-year; year-to-date EPS was ¥1.862, up 14.16%.

• Total assets at Q3-end were ¥36.35 billion, up 18.56% from year-end 2023; shareholders’ equity was ¥25.15 billion, up 7.64%.

• Non-recurring gains for the first nine months totaled ¥76.48 million, mainly from government subsidies, asset disposals, and fair value changes.

Outlook and guidance

• The company is focusing on core gypsum board business, reallocating resources from less promising steel structure projects to strengthen market position.

• Ongoing investments in new production bases and R&D are expected to enhance competitiveness and capacity.