ZHEJIANG NARADA POWER SOURCE Third Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.18 in 3Q 2023)

ZHEJIANG NARADA POWER SOURCE (SZSE:300068) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.12b (down 32% from 3Q 2023).
• Net income: CN¥61.7m (down 59% from 3Q 2023).
• Profit margin: 2.9% (down from 4.8% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.07 (down from CN¥0.18 in 3Q 2023).

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

ZHEJIANG NARADA POWER SOURCE Earnings Insights

Looking ahead, revenue is forecast to grow 19% 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 down 18% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with ZHEJIANG NARADA POWER SOURCE.

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