CRRC Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.088 in 3Q 2023)

CRRC (SHSE:601766) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥62.5b (up 12% from 3Q 2023).
• Net income: CN¥3.04b (up 13% from 3Q 2023).
• Profit margin: 4.9% (up from 4.8% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.10 (up from CN¥0.088 in 3Q 2023).

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

CRRC Earnings Insights

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - CRRC has 1 warning sign we think you should be aware of.

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