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Reported Q: Q3 2024 Rev YoY: -36.6% EPS YoY: +40.6% Move: +1.65%

SinoSynergy Hydrogen

9663.HK

HKD4.92 1.65%

Exchange HKSE Sector Industrials Industry Industrial Machinery

Q3 2024

Published: Sep 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 9663.HK

Reported

Report Date

Sep 30, 2024

Quarter Q3 2024

Revenue

154.71M

YoY: -36.6%

EPS

-0.19

YoY: +40.6%

Market Move

+1.65%

Previous quarter: N/A

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Earnings Highlights

Revenue of $154.71M down 36.6% year-over-year
EPS of $-0.19 increased by 40.6% from previous year
Gross margin of 12.7%
Net income of -97.44M
"N/A" - N/A

9663.HK

Company 9663.HK

Period Q3 2024

Currency CNY

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

SinoSynergy Hydrogen Energy reported Q3 2024 revenue of 154.7 million CNY, marking a sequential rise of 15.4% versus Q2 but a material year-over-year decline of 36.6% from Q3 2023. The company posted a gross margin of 12.7% and an operating loss of 96.5 million CNY, with EBITDA of -74.5 million CNY and a net loss of -97.4 million CNY. The quarter benefited from a solid top-line uptick relative to Q2, but profitability remains deeply negative due to a heavy cost base driven by Research and Development (32.6 million CNY) and Selling, General & Administrative expenses (71.1 million CNY). The company continues to incur material non-cash or semi-cash cost pressures, while liquidity remains robust on a headline basis due to a substantial cash and short-term investment position. Net debt figures in the data set appear inconsistent with the stated cash balance, but the balance sheet suggests a strong cash runway versus current liabilities.

Key Performance Indicators

Revenue

Decreasing

154.71M

QoQ: 15.39% | YoY: -36.64%

Gross Profit

Decreasing

19.63M

12.69% margin

QoQ: 143.95% | YoY: -71.72%

Operating Income

Increasing

-96.54M

QoQ: 60.65% | YoY: 36.37%

Net Income

Increasing

-97.44M

QoQ: 54.47% | YoY: 30.43%

EPS

Increasing

-0.19

QoQ: 56.82% | YoY: 40.63%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: 154,713,500 CNY (+ QoQ 15.39%, -36.64% YoY). Gross Profit: 19,631,000 CNY; Gross Margin 12.69% (YoY -71.72%, QoQ +143.95%). Operating Income: -96,537,000 CNY; Operating Margin -62.40% (YoY improvement vs prior year). EBITDA: -74,511,500 CNY; EBITDA Margin -48.16%. Net Income: -97,439,500 CNY; Net Margin -62.98% (YoY improvement). EPS: -0.19 CNY. Cash & Liquidity: Cash and cash equivalents 309,603,000 CNY; Short-term investments 1,021,535,000 CNY; Total current assets 3,419,368,000 CNY; Total assets 4,664,141,000 CNY; Total liabilities 1,675,713,000 CNY; Total stockholders’ equity 2,971,357,000 CNY. Current ratio 2.52; Quick ratio 2.34; Debt to equity 0.198; Net debt figure in the data shows 279,862,000 CNY, but cash and short-term investments exceed gross debt, suggesting a robust liquidity position; data appears inconsistent in places.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	154.71M	-36.64%	15.39%
Gross Profit	19.63M	-71.72%	143.95%
Operating Income	-96.54M	36.37%	60.65%
Net Income	-97.44M	30.43%	54.47%
EPS	-0.19	40.63%	56.82%

Key Financial Ratios

Gross Profit Margin

Weak

12.70%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.62%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.63%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.03%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

2.52

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Conservative

0.20

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Negative

-23.20x

Negative earnings make P/E ratio not meaningful

Price to Book

Premium

3.04x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	58.88	-0.36	-61.9%	View
Q1 2025	29.44	-0.18	-55.7%	View
Q4 2024	154.71	-0.19	-36.6%	View
Q3 2024	154.71	-0.19	-36.6%	View

SinoSynergy Hydrogen (9663.HK) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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