Sinotruk Jinan TruckLtd Third Quarter 2024 Earnings: Misses Expectations

Sinotruk Jinan TruckLtd (SZSE:000951) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥9.19b (down 13% from 3Q 2023).
• Net income: CN¥315.4m (up 98% from 3Q 2023).
• Profit margin: 3.4% (up from 1.5% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.26 (up from CN¥0.14 in 3Q 2023).

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

Sinotruk Jinan TruckLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Sinotruk Jinan TruckLtd could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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