SDIC Power (600886) Q3 2024 earnings summary

Executive summary

• Operating revenue for Q1–Q3 2024 reached RMB 44.40 billion, up 4.4% year-over-year.

• Net profit attributable to shareholders was RMB 6.58 billion, a 8.7% increase year-over-year.

• Total assets grew to RMB 288.88 billion, up 4.2% from year-end 2023.

Financial highlights

• Operating revenue for the third quarter was RMB 17.29 billion, up 6.9% compared to the same period last year.

• Net profit for the quarter was RMB 2.83 billion, up 4.3% year-over-year.

• Net cash flow from operating activities for Q1–Q3 was RMB 21.36 billion, up 21.7% year-over-year.

• Basic and diluted EPS for Q1–Q3 were both RMB 0.7938.

• Owners' equity attributable to shareholders increased 6.7% from year-end 2023.

Outlook and guidance

• No explicit forward-looking guidance provided, but continued growth in revenue and profit is indicated by year-to-date trends.