Sichuan New Energy Power Company (000155) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ¥474 million, down 28.39% year-over-year; YTD revenue was ¥2.28 billion, down 7.02% year-over-year.

• Net profit attributable to shareholders for Q3 was -¥3.73 million, a decrease of 103.48% year-over-year; YTD net profit was ¥629.8 million, up 11.69% year-over-year.

• Significant asset and equity increases due to capital raising and asset acquisitions.

Financial highlights

• Gross margin for the period was not explicitly stated, but operating costs and expenses increased modestly.

• Basic and diluted EPS for the period were ¥0.3856, up from ¥0.3820 year-over-year.

• Total assets at period end were ¥25.12 billion, up 15.40% from the previous year-end.

• Shareholders’ equity attributable to listed company shareholders rose 37.84% to ¥10.18 billion.

• Net cash from operating activities was ¥1.24 billion, up 26.52% year-over-year.

Outlook and guidance

• Multiple new wind power projects (totaling 690.8 MW) received regulatory approval and are moving forward.