Zhejiang Xiantong Rubber&PlasticLtd Third Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.16 in 3Q 2023)

Zhejiang Xiantong Rubber&PlasticLtd (SHSE:603239) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥286.7m (up 3.0% from 3Q 2023).
• Net income: CN¥37.8m (down 13% from 3Q 2023).
• Profit margin: 13% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.14 (down from CN¥0.16 in 3Q 2023).

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

Zhejiang Xiantong Rubber&PlasticLtd Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Zhejiang Xiantong Rubber&PlasticLtd that you should be aware of before investing here.

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