Sichuan Road & Bridge Group (600039) Q3 2024 earnings summary

Executive summary

• Total assets reached ¥250.71 billion as of Q3 2024, up 4.07% year-over-year.

• Revenue for the first nine months was ¥71.88 billion, down 19.74% year-over-year.

• Net profit attributable to shareholders was ¥4.77 billion, a 38.45% decrease year-over-year.

• The company maintained a focus on project execution, cost control, and risk management amid a challenging construction sector.

Financial highlights

• Q3 revenue: ¥26.09 billion, up 13.25% from Q2; nine-month revenue: ¥71.88 billion, down 19.74% year-over-year.

• Q3 net profit: ¥1.58 billion, down 24.92% year-over-year; nine-month net profit: ¥4.77 billion, down 38.45%.

• Basic and diluted EPS for nine months: ¥0.55, down 38.20% year-over-year.

• Operating cash flow for nine months: -¥5.61 billion.

Outlook and guidance

• The company plans to accelerate project construction, enhance cost control, and strengthen risk management in Q4.

• National policies supporting infrastructure and major projects are expected to benefit future operations.