Guangdong KinLong Hardware ProductsLtd Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Guangdong KinLong Hardware ProductsLtd (SZSE:002791) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.70b (down 23% from 3Q 2023).
• Net income: CN¥28.0m (down 79% from 3Q 2023).
• Profit margin: 1.6% (down from 6.0% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.056 (down from CN¥0.41 in 3Q 2023).

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

Guangdong KinLong Hardware ProductsLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Building industry in China.

Performance of the Chinese Building industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Guangdong KinLong Hardware ProductsLtd, and understanding it should be part of your investment process.

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