Beijing Beimo High-tech Frictional MaterialLtd Third Quarter 2024 Earnings: EPS: CN¥0.05 (vs CN¥0.30 in 3Q 2023)

Beijing Beimo High-tech Frictional MaterialLtd (SZSE:002985) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥138.5m (down 13% from 3Q 2023).
• Net income: CN¥16.6m (down 83% from 3Q 2023).
• Profit margin: 12% (down from 63% in 3Q 2023).
• EPS: CN¥0.05 (down from CN¥0.30 in 3Q 2023).

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

Beijing Beimo High-tech Frictional MaterialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are up 6.0% 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 Beijing Beimo High-tech Frictional MaterialLtd, and understanding this should be part of your investment process.

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