Zhejiang Kingland Pipeline and TechnologiesLtd Third Quarter 2024 Earnings: EPS: CN¥0.045 (vs CN¥0.18 in 3Q 2023)

Zhejiang Kingland Pipeline and TechnologiesLtd (SZSE:002443) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.06b (down 28% from 3Q 2023).
• Net income: CN¥22.6m (down 75% from 3Q 2023).
• Profit margin: 2.1% (down from 6.2% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.045 (down from CN¥0.18 in 3Q 2023).

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

Zhejiang Kingland Pipeline and TechnologiesLtd's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Zhejiang Kingland Pipeline and TechnologiesLtd (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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