Hangzhou Greatstar Industrial Third Quarter 2024 Earnings: Beats Expectations

Hangzhou Greatstar Industrial (SZSE:002444) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.38b (up 30% from 3Q 2023).
• Net income: CN¥741.7m (up 17% from 3Q 2023).
• Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.62 (up from CN¥0.53 in 3Q 2023).

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

Hangzhou Greatstar Industrial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Hangzhou Greatstar Industrial that you need to be mindful of.

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