Guangxi Guiguan Electric PowerCo (600236) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached RMB 2.52 billion, up 29.94% year-over-year, driven by increased hydropower generation.

• Net profit attributable to shareholders for Q3 was RMB 726.7 million, a 224.74% increase year-over-year.

• Nine-month revenue totaled RMB 7.35 billion, up 20.61% year-over-year; net profit for the period was RMB 2.16 billion, up 90.34%.

Financial highlights

• Basic and diluted EPS for Q3 were RMB 0.0891, up 248.05% year-over-year; nine-month EPS was RMB 0.2660, up 94.86%.

• Operating cash flow for the nine months was RMB 4.28 billion, up 31.61% year-over-year.

• Total assets at quarter-end were RMB 47.98 billion, up 1.48% from year-end 2023.

• Shareholders’ equity attributable to listed company shareholders was RMB 20.93 billion, up 14.33% from year-end 2023.

Outlook and guidance

• Profit growth attributed to increased hydropower output; management expects continued positive impact if favorable hydrological conditions persist.