Lu Thai Textile Third Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.13 in 3Q 2023)

Lu Thai Textile (SZSE:000726) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.57b (up 4.5% from 3Q 2023).
• Net income: CN¥118.3m (up 4.3% from 3Q 2023).
• Profit margin: 7.5% (in line with 3Q 2023).
• EPS: CN¥0.14 (up from CN¥0.13 in 3Q 2023).

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

Lu Thai Textile Earnings Insights

Looking ahead, revenue is forecast to grow 10% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Lu Thai Textile that you need to be mindful of.

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