Changhong Huayi Compressor Third Quarter 2024 Earnings: EPS: CN¥0.21 (vs CN¥0.16 in 3Q 2023)

Changhong Huayi Compressor (SZSE:000404) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.96b (down 1.1% from 3Q 2023).
• Net income: CN¥149.1m (up 35% from 3Q 2023).
• Profit margin: 5.0% (up from 3.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.21 (up from CN¥0.16 in 3Q 2023).

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

Changhong Huayi Compressor Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% 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 6.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Changhong Huayi Compressor that you should be aware of.

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