Qingdao Sentury Tire Third Quarter 2024 Earnings: EPS: CN¥0.87 (vs CN¥0.41 in 3Q 2023)

Qingdao Sentury Tire (SZSE:002984) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.23b (up 1.1% from 3Q 2023).
• Net income: CN¥648.4m (up 68% from 3Q 2023).
• Profit margin: 29% (up from 18% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CN¥0.87 (up from CN¥0.41 in 3Q 2023).

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

Qingdao Sentury Tire Earnings Insights

Looking ahead, revenue is forecast to grow 21% 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 share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Qingdao Sentury Tire you should be aware of, and 1 of them is significant.

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