Gaona Aero Material Third Quarter 2024 Earnings: EPS: CN¥0.071 (vs CN¥0.11 in 3Q 2023)

Gaona Aero Material (SZSE:300034) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥804.2m (down 16% from 3Q 2023).
• Net income: CN¥55.1m (down 32% from 3Q 2023).
• Profit margin: 6.8% (down from 8.5% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.071 (down from CN¥0.11 in 3Q 2023).

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

Gaona Aero Material Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Gaona Aero Material that you should be aware of.

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