Farasis Energy (Gan Zhou) Third Quarter 2024 Earnings: CN¥0.09 loss per share (vs CN¥0.63 loss in 3Q 2023)

Farasis Energy (Gan Zhou) (SHSE:688567) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.24b (down 47% from 3Q 2023).
• Net loss: CN¥113.4m (loss narrowed by 85% from 3Q 2023).
• CN¥0.09 loss per share (improved from CN¥0.63 loss in 3Q 2023).

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

Farasis Energy (Gan Zhou) Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Farasis Energy (Gan Zhou) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.