Stock Analysis

Wafangdian Bearing Third Quarter 2024 Earnings: CN¥0.006 loss per share (vs CN¥0.013 loss in 3Q 2023)

Simply Wall St

Published October 30, 2024

Wafangdian Bearing (SZSE:200706) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥503.2m (down 3.3% from 3Q 2023).
Net loss: CN¥2.27m (loss narrowed by 57% from 3Q 2023).
CN¥0.006 loss per share (improved from CN¥0.013 loss in 3Q 2023).

SZSE:200706 Earnings and Revenue History October 30th 2024

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

Wafangdian Bearing shares are up 17% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Wafangdian Bearing's balance sheet.

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Discover if Wafangdian Bearing might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.