HA Sustainable Infrastructure Capital (NYSE:HASI) Q3 2025 Earnings Call November 06, 2025 05:00 PM ET Company ParticipantsJeff Lipson - President and CEOSusan Nickey - CCOChuck Melko - CFOChris Dendrinos - VP of Equity ResearchJeff Osborne - Managing DirectorAaron Chew - Senior VP of Investor RelationsMarc Pangburn - Chief Revenue and Strategy OfficerConference Call ParticipantsMichael Fairbanks - AnalystJohn Windham - AnalystNone - AnalystDavid Sunderland - AnalystNone - AnalystNoah Kaye - Managing Directo ...

HA Sustainable Infrastructure Capital (NYSE:HASI) Q3 2025 Earnings Call November 06, 2025 05:00 PM ET Company ParticipantsJeff Lipson - President and CEOSusan Nickey - CCODavis Sunderland - Research AssociateChris Dendrinos - VP of Equity ResearchJeff Osborne - Managing DirectorAaron Chew - Senior VP of Investor RelationsCharles Melko - CFOMarc Pangburn - Chief Revenue and Strategy OfficerConference Call ParticipantsJohn Windham - AnalystNone - AnalystMark Strauss - AnalystNone - AnalystNoah Kaye - Managing ...

财务表现 - 2025年中报营业总收入293.12亿元，同比增长10.64% [1] - 归母净利润3.5亿元，同比下降23.44% [1] - 第二季度营业总收入148.91亿元，同比增长15.26% [1] - 第二季度归母净利润2.07亿元，同比下降28.42% [1] - 毛利率9.5%，同比下降8.29% [1] - 净利率1.28%，同比下降28.81% [1] - 每股收益0.09元，同比下降23.46% [1] 盈利能力指标 - 2024年ROIC为4.1%，资本回报率不强 [2] - 2024年净利率1.87%，产品附加值不高 [2] - 近10年ROIC中位数4.68%，投资回报较弱 [2] 现金流与资产状况 - 每股经营性现金流-1.56元，同比下降8431.68% [1] - 应收账款占最新年报归母净利润比达3657.49% [1][3] - 货币资金/流动负债为37.71% [2] - 近3年经营性现金流均值/流动负债为7.16% [2] 费用与资本结构 - 三费总额13.16亿元，占营收比4.49%，同比下降8.57% [1] - 有息资产负债率达24.62% [2] - 有息负债总额/近3年经营性现金流均值达11.74% [2] 股东回报与资产质量 - 预估股息率4.28% [2] - 每股净资产3.62元，同比增长5.26% [1] 业务模式与发展战略 - 形成建筑施工和清洁能源投资两大主业齐头并进的发展格局 [3] - 公司业绩主要依靠研发驱动 [2]