Zhejiang Goldensea Hi-Tech Third Quarter 2024 Earnings: EPS: CN¥0.06 (vs CN¥0.008 in 3Q 2023)

Zhejiang Goldensea Hi-Tech (SHSE:603311) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥196.8m (up 16% from 3Q 2023).
• Net income: CN¥13.9m (up by CN¥12.0m from 3Q 2023).
• Profit margin: 7.1% (up from 1.1% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.06 (up from CN¥0.008 in 3Q 2023).

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

Zhejiang Goldensea Hi-Tech Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Building industry in China.

Performance of the Chinese Building industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Zhejiang Goldensea Hi-Tech, and understanding this should be part of your investment process.

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