Suzhou West Deane New Power ElectricLtd Third Quarter 2024 Earnings: EPS: CN¥0.36 (vs CN¥0.46 in 3Q 2023)

Simply Wall St

October 30, 2024

Suzhou West Deane New Power ElectricLtd (SHSE:603312) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥575.8m (up 15% from 3Q 2023).
Net income: CN¥56.2m (flat on 3Q 2023).
Profit margin: 9.8% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.36 (down from CN¥0.46 in 3Q 2023).

earnings-and-revenue-growth — SHSE:603312 Earnings and Revenue Growth October 30th 2024

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

Suzhou West Deane New Power ElectricLtd Earnings Insights

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

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

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Suzhou West Deane New Power ElectricLtd that 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.