China SpacesatLtd Third Quarter 2024 Earnings: CN¥0.009 loss per share (vs CN¥0.022 profit in 3Q 2023)

China SpacesatLtd (SHSE:600118) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥642.4m (down 49% from 3Q 2023).
• Net loss: CN¥23.2m (down by 187% from CN¥26.6m profit in 3Q 2023).
• CN¥0.009 loss per share (down from CN¥0.022 profit in 3Q 2023).

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

China SpacesatLtd Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are up 3.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on China SpacesatLtd's balance sheet health.

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