WELLE Environmental GroupLtd Third Quarter 2024 Earnings: CN¥0.092 loss per share (vs CN¥0.01 profit in 3Q 2023)

WELLE Environmental GroupLtd (SZSE:300190) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥452.4m (flat on 3Q 2023).
• Net loss: CN¥28.9m (down from CN¥4.57m profit in 3Q 2023).
• CN¥0.092 loss per share (down from CN¥0.01 profit in 3Q 2023).

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

WELLE Environmental GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

Be aware that WELLE Environmental GroupLtd is showing 1 warning sign in our investment analysis that you should know about...

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