Suwen Electric Energy TechnologyLtd Third Quarter 2024 Earnings: CN¥0.17 loss per share (vs CN¥0.32 profit in 3Q 2023)

Suwen Electric Energy TechnologyLtd (SZSE:300982) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥427.9m (down 34% from 3Q 2023).
• Net loss: CN¥45.8m (down by 171% from CN¥64.9m profit in 3Q 2023).
• CN¥0.17 loss per share (down from CN¥0.32 profit in 3Q 2023).

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

Suwen Electric Energy TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Suwen Electric Energy TechnologyLtd that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.