China Energy Engineering (3996) Q3 2024 earnings summary

Executive summary

• Operating revenue for the first three quarters reached RMB295.139 billion, up 3.44% year-over-year; net profit attributable to shareholders was RMB3.604 billion, up 17.28% year-over-year.

• Newly signed contracts totaled RMB988.859 billion, a 5.03% increase year-over-year, with domestic and overseas contracts both growing.

• The company advanced innovation, green, digital, and integrated transformation strategies, with notable achievements in R&D, new energy, and digital projects.

Financial highlights

• Q3 operating revenue: RMB100.88 billion, up 8.24% compared to the same quarter last year.

• Q3 net profit attributable to shareholders: RMB822 million, up 97.81% year-over-year; basic and diluted EPS for Q3: RMB0.02, both up 100%.

• Net cash flow from operating activities for the first three quarters: -RMB12.52 billion, improved from -RMB14.75 billion year-over-year.

• Total assets at 30 September 2024: RMB858.13 billion, up 9.57% from year-end 2023.

• Owner's equity attributable to shareholders: RMB113.36 billion, up 2.62% from year-end 2023.

Outlook and guidance

• The company will continue to focus on high-quality development, innovation, green transformation, and digital intelligence, aiming for steady improvement in operating indicators.