Linyang Energy officially released its Q3 2024 report

On October 29, Linyang Energy officially released its Q3 2024 report!

The report highlights that the company’ s three major business segments continue to advance steadily, achieving revenue of 5.17 billion yuan($723.53 million) in the first three quarters, representing a year-on-year increase of approximately 8.76%. The net profit attributable to shareholders reached 910 million yuan($127.45 million), reflecting an increase of 6.95%.

In Q3 alone, the company generated revenue of 1.70 billion yuan($238.38 million), a growth of 10.63%, with a net profit of 312 million yuan($43.70 million), marking a year-on-year increase of 15.41%. The basic earnings per share stood at 0.16 yuan($0.02). 

From an asset perspective, the total assets at the end of the reporting period amounted to 24.52 billion yuan($3.43 billion). In terms of cash flow, the net cash flow from operating activities was 625 million yuan($87.54 million), with cash received from the sale of goods and services totaling 5.55 billion yuan($777.31 million). (For more details, please visit the Shanghai Stock Exchange official website.)

This year, Linyang Energy has been deepening its engagement in international markets, with rapid global business development.  Moving forward, Linyang Energy will continue to uphold its operational philosophy of “Market First, Customer-Centric, and Innovative Development,” accelerating the growth of its renewable energy and energy storage businesses. We are committed to promoting the efficient utilization of social resources and green, low-carbon development, striving to become a leading provider of products and operational services in the global smart grid, renewable energy, and energy storage sectors. 

*All figures in the post are based on the closing exchange rate as of October 30, 2024.