Xinhua Winshare Publishing and Media Company (811) Q3 2024 earnings summary

Executive summary

• Reported unaudited results for the nine months ended 30 September 2024, reviewed by the audit committee.

• Total operating income for the nine months reached RMB 8.44 billion, up 5.61% year-over-year.

• Net profit attributable to shareholders was RMB 891 million, down 5.24% year-over-year.

Financial highlights

• Operating income for Q3 was RMB 2.65 billion, up 3.42% compared to Q3 2023.

• Net profit attributable to shareholders for Q3 was RMB 175 million, down 1.64% year-over-year.

• Basic and diluted EPS for the nine months were RMB 0.72, down from RMB 0.76 year-over-year.

• Net cash flow from operating activities for the nine months was RMB 771 million, down 32.99% year-over-year.

• Total assets as of 30 September 2024 were RMB 23.58 billion, up 8.22% from year-end 2023.

Outlook and guidance

• Net cash flow from operating activities declined due to increased enterprise income tax, property tax, and labor costs in the first three quarters.