Chang Lan Technology Group Third Quarter 2024 Earnings: EPS: CN¥0.069 (vs CN¥0.038 in 3Q 2023)

Chang Lan Technology Group (SZSE:002879) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥312.6m (up 26% from 3Q 2023).
• Net income: CN¥11.7m (up 67% from 3Q 2023).
• Profit margin: 3.7% (up from 2.8% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.069 (up from CN¥0.038 in 3Q 2023).

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

Chang Lan Technology Group Earnings Insights

Looking ahead, revenue is forecast to grow 21% 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 shares are up 4.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Chang Lan Technology Group you should know about.

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