Huaibei Mining (600985) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached RMB 19.43 billion, up 6.55% year-over-year, while net profit attributable to shareholders fell 18.12% to RMB 1.20 billion for the quarter and 18.17% to RMB 4.14 billion for the first nine months.

• Basic EPS for Q3 was RMB 0.45, down 23.73% year-over-year; for the first nine months, basic EPS was RMB 1.58, down 22.55%.

Financial highlights

• Operating cash flow for the first nine months was RMB 7.79 billion, up 4.74% year-over-year.

• Total assets at September 30, 2024, were RMB 89.52 billion, up 2.91% from year-end 2023.

• Shareholders’ equity attributable to listed company shareholders increased 12.09% to RMB 41.81 billion.

Outlook and guidance

• Management did not provide explicit forward-looking guidance in the report.