Inner Mongolia Yili Industrial Group Third Quarter 2024 Earnings: EPS Beats Expectations

Inner Mongolia Yili Industrial Group (SHSE:600887) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥29.1b (down 6.7% from 3Q 2023).
• Net income: CN¥3.34b (up 8.5% from 3Q 2023).
• Profit margin: 12% (up from 9.9% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.53 (up from CN¥0.48 in 3Q 2023).

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

Inner Mongolia Yili Industrial Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

The company's shares are up 5.2% 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 Inner Mongolia Yili Industrial Group's balance sheet health.

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