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- SZSE:002452
Changgao Electric Group Third Quarter 2024 Earnings: EPS: CN¥0.097 (vs CN¥0.13 in 3Q 2023)
Changgao Electric Group (SZSE:002452) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥402.5m (down 2.6% from 3Q 2023).
- Net income: CN¥59.6m (down 25% from 3Q 2023).
- Profit margin: 15% (down from 19% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: CN¥0.097 (down from CN¥0.13 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Changgao Electric Group shares are up 4.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Changgao Electric Group that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SZSE:002452
Changgao Electric Group
Engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China.
Flawless balance sheet with solid track record and pays a dividend.