Zhongman Petroleum and Natural Gas GroupLtd Third Quarter 2024 Earnings: EPS: CN¥0.58 (vs CN¥0.63 in 3Q 2023)

Zhongman Petroleum and Natural Gas GroupLtd (SHSE:603619) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.13b (up 1.7% from 3Q 2023).
• Net income: CN¥240.8m (down 3.6% from 3Q 2023).
• Profit margin: 21% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.58 (down from CN¥0.63 in 3Q 2023).

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

Zhongman Petroleum and Natural Gas GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China.

Performance of the Chinese Energy Services industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Zhongman Petroleum and Natural Gas GroupLtd that you should be aware of before investing here.

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