Zhejiang Weiming Environment Protection Third Quarter 2024 Earnings: EPS: CN¥0.40 (vs CN¥0.32 in 3Q 2023)

Zhejiang Weiming Environment Protection (SHSE:603568) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.93b (up 12% from 3Q 2023).
• Net income: CN¥688.0m (up 26% from 3Q 2023).
• Profit margin: 36% (up from 32% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.40 (up from CN¥0.32 in 3Q 2023).

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

Zhejiang Weiming Environment Protection Earnings Insights

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China.

Performance of the Chinese Commercial Services industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Zhejiang Weiming Environment Protection.

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