Jinyuan EP (000546) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months reached ¥4.49 billion, up 191.59% year-over-year, driven by increased production and sales in the comprehensive utilization of solid and hazardous waste resources.

• Net profit attributable to shareholders for the period was ¥116.39 million, a 253.53% increase year-over-year.

• The third quarter saw a net loss of ¥57.44 million, but this was a 28.66% improvement compared to the same quarter last year.

Financial highlights

• Operating income for the first nine months: ¥4.49 billion, up 191.59% year-over-year.

• Net profit attributable to shareholders: ¥116.39 million, up 253.53% year-over-year.

• Basic and diluted EPS for the period: ¥0.1494, up 253.70% year-over-year.

• Gross margin impacted by a significant increase in operating costs, which rose 197.79% year-over-year.

• Net cash flow from operating activities was -¥488.86 million, a sharp decline from the previous year.

Outlook and guidance

• Revenue growth is expected to continue, supported by expansion in the solid and hazardous waste resource utilization business.