Ningbo Jifeng Auto Parts Third Quarter 2024 Earnings: CN¥0.66 loss per share (vs CN¥0.076 profit in 3Q 2023)

Ningbo Jifeng Auto Parts (SHSE:603997) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥5.90b (up 7.2% from 3Q 2023).
• Net loss: CN¥585.1m (down from CN¥71.7m profit in 3Q 2023).
• CN¥0.66 loss per share (down from CN¥0.076 profit in 3Q 2023).

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

Ningbo Jifeng Auto Parts Earnings Insights

Looking ahead, revenue is forecast to grow 17% 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 6.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Ningbo Jifeng Auto Parts you should know about.

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