Zhejiang Yinlun MachineryLtd Third Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.20 in 3Q 2023)

Zhejiang Yinlun MachineryLtd (SZSE:002126) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.05b (up 12% from 3Q 2023).
• Net income: CN¥201.3m (up 27% from 3Q 2023).
• Profit margin: 6.6% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.24 (up from CN¥0.20 in 3Q 2023).

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

Zhejiang Yinlun MachineryLtd Earnings Insights

Looking ahead, revenue is forecast to grow 19% 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 2.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Zhejiang Yinlun MachineryLtd that you need to take into consideration.

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