Mingxin Automotive Leather Third Quarter 2024 Earnings: EPS: CN¥0.017 (vs CN¥0.17 in 3Q 2023)

Mingxin Automotive Leather (SHSE:605068) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥311.5m (up 21% from 3Q 2023).
• Net income: CN¥2.07m (down 91% from 3Q 2023).
• Profit margin: 0.7% (down from 8.7% in 3Q 2023).
• EPS: CN¥0.017 (down from CN¥0.17 in 3Q 2023).

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

Mingxin Automotive Leather Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.

Performance of the Chinese Luxury industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Mingxin Automotive Leather that you should be aware of.

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