Jiangsu Gian Technology Third Quarter 2024 Earnings: EPS: CN¥0.22 (vs CN¥0.81 in 3Q 2023)

Simply Wall St

October 31, 2024

Jiangsu Gian Technology (SZSE:300709) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥573.6m (down 32% from 3Q 2023).
Net income: CN¥40.4m (down 74% from 3Q 2023).
Profit margin: 7.0% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.22 (down from CN¥0.81 in 3Q 2023).

earnings-and-revenue-growth — SZSE:300709 Earnings and Revenue Growth October 31st 2024

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

Jiangsu Gian Technology Earnings Insights

Looking ahead, revenue is forecast to grow 30% 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 7.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Jiangsu Gian Technology that we have uncovered.

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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.