China National Chemical Engineering (601117) Q3 2024 earnings summary

Executive summary

• Achieved operating revenue of RMB 134.15 billion for the first nine months of 2024, up 2.38% year-over-year.

• Net profit attributable to shareholders reached RMB 3.84 billion, a 3.09% increase year-over-year.

• New contract value signed totaled RMB 284.08 billion, with RMB 218.37 billion domestic and RMB 65.72 billion overseas.

Financial highlights

• Q3 operating revenue was RMB 43.54 billion, up 8.57% compared to the same quarter last year.

• Q3 net profit attributable to shareholders was RMB 998.72 million, up 28.57% year-over-year.

• Basic and diluted EPS for Q3 were RMB 0.17, up 30.77% year-over-year.

• Net cash flow from operating activities for the first nine months was negative RMB 5.63 billion, mainly due to reduced interbank lending.

• Total assets at quarter-end were RMB 224.67 billion, up 2.54% from year-end 2023.

Outlook and guidance

• Management emphasized high-quality development and confidence in continued operational progress.