Huada Automotive TechnologyLtd Third Quarter 2024 Earnings: EPS: CN¥0.086 (vs CN¥0.24 in 3Q 2023)

Huada Automotive TechnologyLtd (SHSE:603358) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.20b (down 5.6% from 3Q 2023).
• Net income: CN¥36.0m (down 65% from 3Q 2023).
• Profit margin: 3.0% (down from 8.0% in 3Q 2023).
• EPS: CN¥0.086 (down from CN¥0.24 in 3Q 2023).

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

Huada Automotive TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 29% 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 down 3.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Huada Automotive TechnologyLtd that you should be aware of.

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