Huayou Cobalt's 2024 Third-Quarter Financial Report: Revenue Down, Profit Up Slightly, Cash Flow Soars

Published: Nov 1, 2024 17:05

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**[Announcement of Huayou Cobalt's Financial Report]** Recently, Huayou Cobalt released its third-quarter report for 2024. In the first three quarters, the company achieved a revenue of RMB 45.488 billion, a year-on-year decrease of 10.97%; its net profit attributable to shareholders was RMB 3.02 billion, representing a year-on-year increase of 0.24%; its non-recurring net profit was RMB 3.041 billion, up 11.56% year-on-year; the net cash flow generated from operating activities amounted to RMB 3.84 billion, a 54.65% increase compared to the same period last year. During the reporting period, Huayou Cobalt's basic earnings per share were RMB 1.8, and its weighted average return on equity was 8.57%.

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