China Southern Power Grid TechnologyLtd Third Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.072 in 3Q 2023)

China Southern Power Grid TechnologyLtd (SHSE:688248) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥554.1m (up 47% from 3Q 2023).
• Net income: CN¥95.2m (up 116% from 3Q 2023).
• Profit margin: 17% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.17 (up from CN¥0.072 in 3Q 2023).

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

China Southern Power Grid TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with China Southern Power Grid TechnologyLtd, and understanding these should be part of your investment process.

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