Hunan Changyuan LicoLtd Third Quarter 2024 Earnings: CN¥0.079 loss per share (vs CN¥0.007 profit in 3Q 2023)

Hunan Changyuan LicoLtd (SHSE:688779) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.27b (down 64% from 3Q 2023).
• Net loss: CN¥106.5m (down from CN¥7.72m profit in 3Q 2023).
• CN¥0.079 loss per share (down from CN¥0.007 profit in 3Q 2023).

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

Hunan Changyuan LicoLtd Earnings Insights

Looking ahead, revenue is forecast to grow 31% 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 7.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Hunan Changyuan LicoLtd's balance sheet.

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