Guangdong TCL Smart Home Appliances Third Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.18 in 3Q 2023)

Guangdong TCL Smart Home Appliances (SZSE:002668) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.98b (up 72% from 3Q 2023).
• Net income: CN¥265.9m (up 36% from 3Q 2023).
• Profit margin: 5.3% (down from 6.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.24 (up from CN¥0.18 in 3Q 2023).

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

Guangdong TCL Smart Home Appliances Earnings Insights

Looking ahead, revenue is forecast to grow 5.8% 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 2.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Guangdong TCL Smart Home Appliances' balance sheet health.

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