Wolong Electric GroupLtd Third Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.24 in 3Q 2023)

Wolong Electric GroupLtd (SHSE:600580) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.22b (down 6.4% from 3Q 2023).
• Net income: CN¥245.4m (down 23% from 3Q 2023).
• Profit margin: 5.8% (down from 7.1% in 3Q 2023).
• EPS: CN¥0.19 (down from CN¥0.24 in 3Q 2023).

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

Wolong Electric GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 13% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Wolong Electric GroupLtd, and understanding these should be part of your investment process.

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