Solbar Ningbo Protein Technology Third Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.31 in 3Q 2023)

Solbar Ningbo Protein Technology (SHSE:603231) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥383.1m (down 13% from 3Q 2023).
• Net income: CN¥20.9m (down 52% from 3Q 2023).
• Profit margin: 5.5% (down from 9.9% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.11 (down from CN¥0.31 in 3Q 2023).

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

Solbar Ningbo Protein Technology shares are up 12% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Solbar Ningbo Protein Technology, and understanding this should be part of your investment process.

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