Zhuzhou Huarui Precision Cutting ToolsLtd Third Quarter 2024 Earnings: EPS: CN¥0.084 (vs CN¥0.70 in 3Q 2023)

Zhuzhou Huarui Precision Cutting ToolsLtd (SHSE:688059) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥174.1m (down 25% from 3Q 2023).
• Net income: CN¥5.12m (down 88% from 3Q 2023).
• Profit margin: 2.9% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.084 (down from CN¥0.70 in 3Q 2023).

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

Zhuzhou Huarui Precision Cutting ToolsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Zhuzhou Huarui Precision Cutting ToolsLtd (2 can't be ignored!) that we have uncovered.

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