Huayou Cobalt Announces 2024 Third Quarter Financial Report

Huayou Cobalt recently released its financial report for the third quarter of 2024. The report shows that the company achieved operating income of 45.488 billion yuan in the first three quarters, a year-on-year decrease of 10.97%. The net profit attributable to shareholders of the parent company reached 3.02 billion yuan, a year-on-year increase of 0.24%. The net profit after deducting non-recurring gains and losses was 3.041 billion yuan, a year-on-year increase of 11.56%. The net cash flow generated by the company's operating activities was 3.84 billion yuan, a year-on-year increase of 54.65%. In addition, Huayou Cobalt's basic earnings per share was 1.8 yuan, and the weighted average return on net assets was 8.57%. Based on the closing price on October 18, Huayou Cobalt's price-to-earnings ratio (TTM) was about 14.63 times, the price-to-book ratio (LF) was about 1.38 times, and the price-to-sales ratio (TTM) was about 0.81 times. Huayou Cobalt mainly engages in the research and development and manufacturing of new energy lithium battery materials and cobalt new material products.