Stock Analysis

Sinoseal Holding Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

Published November 01, 2024

Sinoseal Holding (SZSE:300470) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥418.9m (up 11% from 3Q 2023).
Net income: CN¥97.5m (up 12% from 3Q 2023).
Profit margin: 23% (in line with 3Q 2023).
EPS: CN¥0.48 (up from CN¥0.42 in 3Q 2023).

SZSE:300470 Earnings and Revenue Growth November 1st 2024

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

Sinoseal Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 12% 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 share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sinoseal Holding has 1 warning sign we think you should be aware of.

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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.