Guangshen Railway Company (525) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was RMB 7.11 billion, up 4.52% year-over-year; nine-month revenue reached RMB 20.03 billion, up 4.44% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 297 million, down 13.04% year-over-year; nine-month net profit was RMB 1.21 billion, up 18.67% year-over-year.

• Basic and diluted EPS for the first nine months were RMB 0.171, up 18.75% year-over-year.

Financial highlights

• Operating costs for the first nine months were RMB 18.18 billion, up from RMB 17.66 billion year-over-year.

• Net cash flow from operating activities for the nine months was RMB 2.16 billion, a 160.31% increase year-over-year.

• Total assets at September 30, 2024, were RMB 36.95 billion, down 0.77% from year-end 2023.

• Owners' equity attributable to shareholders was RMB 27.23 billion, up 3.17% from year-end 2023.

Outlook and guidance

• The company attributes the significant increase in operating cash flow to higher cash received from railway passenger and commissioned transportation services.