China International Holdings (BEH) Q3 2025 earnings summary

Executive summary

• 9M 2025 revenue was RMB69.539m and net profit RMB3.599m, versus a RMB105.955m net loss in 9M 2024; the prior-year result included a RMB96.357m share of loss from Huike.

• Cash and cash equivalents were RMB33.935m at 30 September 2025, down from RMB40.430m at 31 December 2024.

Financial highlights

• 9M revenue fell 4.4% YoY to RMB69.539m; gross profit was RMB27.904m versus RMB28.414m.

• 9M profit before tax was RMB6.198m versus a RMB102.606m loss; income tax expense was RMB2.599m versus a RMB3.349m credit.

• 9M basic and diluted EPS were both a loss of RMB0.94 fen, compared with a loss of RMB141.57 fen in 9M 2024.

• Q3 net profit was RMB0.362m versus RMB2.247m; loss attributable to parent owners was RMB0.657m versus profit of RMB0.317m.

Outlook and guidance

• Management is cautiously optimistic about general PRC economic conditions over the next 12 months, while noting that the economy has not fully recovered.

• Focus remains on cash generation from investment properties and development of the China water-treatment business; no current investment plans beyond existing plans.

• Wastewater-treatment pricing remains unagreed; revenue is recognized based on related costs, and lower costs drove lower service revenue.