Inner Mongolia Yitai Coal ( 900948) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was RMB 12.84 billion, down 0.08% year-over-year; YTD revenue reached RMB 37.78 billion, down 1.01% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 1.87 billion, down 0.68% year-over-year; YTD net profit was RMB 5.10 billion, down 23.23% year-over-year.

• Cash flow from operating activities for the first nine months increased 36.56% year-over-year to RMB 10.69 billion.

Financial highlights

• Basic EPS for Q3 was RMB 0.64, up 8.47% year-over-year; YTD basic EPS was RMB 1.74, down 16.75% year-over-year.

• Total assets at Q3-end were RMB 84.51 billion, down 1.10% from year-end 2023.

• Shareholders’ equity attributable to listed company shareholders was RMB 47.49 billion, up 2.36% from year-end 2023.

• Non-recurring gains for the first nine months totaled RMB 170 million, mainly from government subsidies and investment returns.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 4.10%, up 0.94 percentage points year-over-year.

• Net profit margin for the first nine months declined due to lower net profit despite stable revenue.