Xin HeeLtd Third Quarter 2024 Earnings: CN¥0.08 loss per share (vs CN¥0.053 profit in 3Q 2023)
Xin HeeLtd (SZSE:003016) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥316.6m (down 21% from 3Q 2023).
- Net loss: CN¥33.9m (down by 261% from CN¥21.1m profit in 3Q 2023).
- CN¥0.08 loss per share (down from CN¥0.053 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xin HeeLtd Earnings Insights
Looking ahead, revenue is forecast to grow 12% 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 down 1.2% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Xin HeeLtd that you should be aware of before investing here.
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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.
About SZSE:003016
Xin HeeLtd
Engages in the production and processing of knitwear and clothing.
Adequate balance sheet with moderate growth potential.
