Guangzhou Baiyun International Airport Company (600004) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached RMB 1.84 billion, up 7.18% year-over-year; YTD revenue was RMB 5.3 billion, up 15.04% year-over-year.

• Net profit attributable to shareholders in Q3 was RMB 230 million, up 98.32% year-over-year; YTD net profit was RMB 668 million, up 143.71% year-over-year.

• Strong performance attributed to improved operational data and increased income compared to the same period last year.

Financial highlights

• Basic and diluted EPS for Q3 were RMB 0.10, up 100% year-over-year; YTD EPS was RMB 0.28, up 133.33% year-over-year.

• Net cash flow from operating activities for the first nine months was RMB 2.78 billion, up 46.49% year-over-year.

• Total assets at Q3-end were RMB 26.98 billion, up 3.02% from year-end 2023.

• Shareholders’ equity at Q3-end was RMB 18.08 billion, up 2.78% from year-end 2023.

Outlook and guidance

• Management attributes profit and revenue growth to improved production and operational data, expecting continued positive momentum.