Stock Analysis
Lanzhou LS Heavy Equipment Third Quarter 2024 Earnings: EPS: CN¥0.02 (vs CN¥0.017 in 3Q 2023)
Lanzhou LS Heavy Equipment (SHSE:603169) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.25b (up 38% from 3Q 2023).
- Net income: CN¥26.6m (up 20% from 3Q 2023).
- Profit margin: 2.1% (down from 2.5% in 3Q 2023).
- EPS: CN¥0.02 (up from CN¥0.017 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lanzhou LS Heavy Equipment Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 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 2.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Lanzhou LS Heavy Equipment (1 is significant!) that you need to take into consideration.
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About SHSE:603169
Lanzhou LS Heavy Equipment
Engages in the research and development, design, manufacture, engineering, and maintenance services of petrochemical and environmental protection equipment in China and internationally.