Harbin Dongan Auto EngineLtd Third Quarter 2024 Earnings: EPS: CN¥0.011 (vs CN¥0.028 in 3Q 2023)

Harbin Dongan Auto EngineLtd (SHSE:600178) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.02b (down 20% from 3Q 2023).
• Net income: CN¥5.19m (down 61% from 3Q 2023).
• Profit margin: 0.5% (down from 1.0% in 3Q 2023).
• EPS: CN¥0.011 (down from CN¥0.028 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Harbin Dongan Auto EngineLtd Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are up 27% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Harbin Dongan Auto EngineLtd's balance sheet.

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