Shanghai International Port (Group) Co Ltd (600018) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was RMB 9.19 billion, down 18.84% year-over-year; net profit attributable to shareholders was RMB 3.39 billion, down 15.79% year-over-year.

• For the first nine months, revenue reached RMB 29.03 billion, up 5.81% year-over-year; net profit attributable to shareholders was RMB 11.81 billion, up 3.98% year-over-year.

Financial highlights

• Basic EPS for Q3 was RMB 0.1464, down 15.86% year-over-year; for the nine months, RMB 0.5088, up 3.94% year-over-year.

• Total assets at quarter-end were RMB 210.17 billion, up 3.24% from year-end 2023.

• Net cash from operating activities for the nine months was RMB 7.46 billion, up 4.68% year-over-year.

• Gross margin for the nine months was approximately 37.6%, slightly lower than the previous year.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 2.63%, down 0.78 percentage points year-over-year.

• Owner's equity attributable to shareholders increased 6.25% to RMB 130.87 billion from year-end 2023.