Ningbo Ronbay New Energy TechnologyLtd Third Quarter 2024 Earnings: Misses Expectations

Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.44b (down 22% from 3Q 2023).
• Net income: CN¥106.1m (down 55% from 3Q 2023).
• Profit margin: 2.4% (down from 4.2% in 3Q 2023).
• EPS: CN¥0.25 (down from CN¥0.52 in 3Q 2023).

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

Ningbo Ronbay New Energy TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

Be aware that Ningbo Ronbay New Energy TechnologyLtd is showing 4 warning signs in our investment analysis and 1 of those is a bit concerning...

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