Shenzhen Desay Battery Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Shenzhen Desay Battery Technology (SZSE:000049) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.03b (up 19% from 3Q 2023).
• Net income: CN¥113.5m (down 39% from 3Q 2023).
• Profit margin: 1.9% (down from 3.7% in 3Q 2023).
• EPS: CN¥0.29 (down from CN¥0.63 in 3Q 2023).

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

Shenzhen Desay Battery Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 8.1% 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 share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Shenzhen Desay Battery Technology that you should be aware of.

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