China International Marine Containers (Group) Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

China International Marine Containers (Group) (SZSE:000039) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥49.9b (up 44% from 3Q 2023).
• Net income: CN¥1.01b (up by CN¥912.8m from 3Q 2023).
• Profit margin: 2.0% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.17 (up from CN¥0.015 in 3Q 2023).

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

China International Marine Containers (Group) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 5.8% 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 up 2.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on China International Marine Containers (Group)'s balance sheet.

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