Sieyuan Electric Third Quarter 2024 Earnings: EPS: CN¥0.77 (vs CN¥0.58 in 3Q 2023)

Sieyuan Electric (SZSE:002028) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.24b (up 29% from 3Q 2023).
• Net income: CN¥604.2m (up 35% from 3Q 2023).
• Profit margin: 14% (in line with 3Q 2023).
• EPS: CN¥0.77 (up from CN¥0.58 in 3Q 2023).

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

Sieyuan Electric Earnings Insights

Looking ahead, revenue is forecast to grow 16% 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.

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 have a graphic representation of Sieyuan Electric's balance sheet and an in-depth analysis of the company's financial position.

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