Bafang Electric (Suzhou)Ltd Third Quarter 2024 Earnings: EPS: CN¥0.003 (vs CN¥0.07 in 3Q 2023)

Bafang Electric (Suzhou)Ltd (SHSE:603489) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥330.6m (down 24% from 3Q 2023).
• Net income: CN¥604.5k (down 96% from 3Q 2023).
• Profit margin: 0.2% (down from 3.7% in 3Q 2023).
• EPS: CN¥0.003 (down from CN¥0.07 in 3Q 2023).

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

Bafang Electric (Suzhou)Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Leisure industry in China.

Performance of the Chinese Leisure industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Bafang Electric (Suzhou)Ltd (including 1 which is a bit unpleasant).

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