Jiangsu Guoxin posts strong Q3 profit growth amid operational shifts

Jiangsu Guoxin Corporation reported a net profit attributable to shareholders of RMB 1.198 bn for Q3 2025, marking a 23.74% increase year-over-year. Year-to-date, the net profit reached RMB 3.227 bn, up 10.52%. Operating income for the quarter totaled RMB 10.459 bn. The company’s total assets grew by 4.56% to RMB 100.291 bn, while owners' equity attributable to shareholders rose 8.93% to RMB 35.365 bn.

Key changes in financial data include a 41.02% decrease in inventory, primarily due to the release of coal reserves by power subsidiaries and falling coal prices. Construction in progress declined by 52.15% as projects transitioned into operation. Borrowed funds decreased by 31.00% as a subsidiary repaid interbank loans, while bills payable increased by 42.60% due to higher settlement of bills and letters of credit.

The company also noted that two 1 million-kilowatt secondary reheat ultra-supercritical coal-fired generator units at its subsidiary officially commenced operation on July 8, 2025, and August 26, 2025, respectively.