China Tianying Third Quarter 2024 Earnings: EPS: CN¥0.001 (vs CN¥0.067 in 3Q 2023)

China Tianying (SZSE:000035) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.62b (up 19% from 3Q 2023).
• Net income: CN¥3.39m (down 98% from 3Q 2023).
• Profit margin: 0.2% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.001 (down from CN¥0.067 in 3Q 2023).

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

China Tianying Earnings Insights

Looking ahead, revenue is forecast to grow 32% 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 2.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for China Tianying that you should be aware of.

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