Ningbo Haitian Precision MachineryLtd Third Quarter 2024 Earnings: Misses Expectations

Ningbo Haitian Precision MachineryLtd (SHSE:601882) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥814.1m (flat on 3Q 2023).
• Net income: CN¥110.2m (down 23% from 3Q 2023).
• Profit margin: 14% (down from 18% in 3Q 2023).
• EPS: CN¥0.21 (down from CN¥0.27 in 3Q 2023).

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

Ningbo Haitian Precision MachineryLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Ningbo Haitian Precision MachineryLtd you should know about.

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