Stock Analysis

Delixi New Energy Technology Third Quarter 2024 Earnings: EPS: CN¥0.047 (vs CN¥0.079 in 3Q 2023)

Simply Wall St

Published October 31, 2024

Delixi New Energy Technology (SHSE:603032) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥97.4m (down 13% from 3Q 2023).
Net income: CN¥8.51m (down 53% from 3Q 2023).
Profit margin: 8.7% (down from 16% in 3Q 2023).
EPS: CN¥0.047 (down from CN¥0.079 in 3Q 2023).

SHSE:603032 Earnings and Revenue Growth October 31st 2024

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

Delixi New Energy Technology Earnings Insights

Looking ahead, revenue is forecast to grow 26% 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 up 3.6% from a week ago.

Risk Analysis

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

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.