Zhejiang Communications Technology Third Quarter 2024 Earnings: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2023)

Zhejiang Communications Technology (SZSE:002061) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥12.2b (up 6.8% from 3Q 2023).
• Net income: CN¥326.9m (up 18% from 3Q 2023).
• Profit margin: 2.7% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2023).

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

Zhejiang Communications Technology Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Zhejiang Communications Technology has 1 warning sign we think you should be aware of.

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