Huafu Fashion Third Quarter 2024 Earnings: EPS: CN¥0.005 (vs CN¥0.004 in 3Q 2023)

Simply Wall St

Published October 31, 2024

Huafu Fashion (SZSE:002042) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥2.80b (down 15% from 3Q 2023).
Net income: CN¥2.97m (down 16% from 3Q 2023).
Profit margin: 0.1% (in line with 3Q 2023).
EPS: CN¥0.005.

SZSE:002042 Earnings and Revenue Growth October 31st 2024

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

Huafu Fashion Earnings Insights

Looking ahead, revenue is forecast to grow 15% 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 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Huafu Fashion (1 can't be ignored!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.