Leader Harmonious Drive Systems Third Quarter 2024 Earnings: Beats Expectations
Leader Harmonious Drive Systems (SHSE:688017) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥103.5m (up 26% from 3Q 2023).
- Net income: CN¥22.2m (up 1.6% from 3Q 2023).
- Profit margin: 22% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.13 (up from CN¥0.13 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Leader Harmonious Drive Systems Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 31% 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 down 1.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Leader Harmonious Drive Systems (1 is a bit unpleasant!) that we have uncovered.
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About SHSE:688017
Leader Harmonious Drive Systems
Leader Harmonious Drive Systems Co., Ltd.
High growth potential with excellent balance sheet.