Henan Shenhuo Coal Industry and Electricity Power (000933) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached ¥31.00 billion, up 9.50% year-over-year, with Q3 revenue at ¥10.58 billion, up 4.79% from the same period last year.

• Net profit attributable to shareholders for the first nine months was ¥3.49 billion, down 1.38% year-over-year, while Q3 net profit was ¥1.59 billion, up 26.39% year-over-year.

• Cash flow from operating activities for the first nine months was ¥6.90 billion, up 8.56% year-over-year.

Financial highlights

• Basic and diluted EPS for the first nine months were ¥1.575, nearly flat year-over-year.

• Gross margin and operating profit improved, with operating profit for the period at ¥5.63 billion, up from ¥5.25 billion year-over-year.

• Total assets increased to ¥57.74 billion, up 14.11% from the end of last year.

• Shareholders’ equity rose to ¥23.96 billion, up 10.51% from year-end.

• Weighted average ROE for Q3 was 6.85%, up 0.88 percentage points year-over-year.

Outlook and guidance

• The company is advancing the spin-off and listing of its subsidiary in the aluminum processing sector to strengthen business independence and industry layout.

• Ongoing restructuring of a loss-making alumina subsidiary is expected to reduce losses and recover debt.