Greenworks (Jiangsu) Third Quarter 2024 Earnings: CN¥0.23 loss per share (vs CN¥0.25 loss in 3Q 2023)

Simply Wall St

October 31, 2024

Greenworks (Jiangsu) (SZSE:301260) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥988.2m (up 11% from 3Q 2023).
Net loss: CN¥111.9m (loss narrowed by 7.5% from 3Q 2023).
CN¥0.23 loss per share (improved from CN¥0.25 loss in 3Q 2023).

earnings-and-revenue-growth — SZSE:301260 Earnings and Revenue Growth October 31st 2024

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

Greenworks (Jiangsu) Earnings Insights

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 down 3.8% 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. We've done some analysis and you can see our take on Greenworks (Jiangsu)'s balance sheet.

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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.