Road Environment TechnologyLtd Third Quarter 2024 Earnings: CN¥0.035 loss per share (vs CN¥0.15 profit in 3Q 2023)

Road Environment TechnologyLtd (SHSE:688156) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥76.7m (down 28% from 3Q 2023).
• Net loss: CN¥4.95m (down by 134% from CN¥14.7m profit in 3Q 2023).
• CN¥0.035 loss per share (down from CN¥0.15 profit in 3Q 2023).

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

Road Environment TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 52% 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 1.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Road Environment TechnologyLtd's balance sheet.

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