Yuan Long Ping High-Tech Agriculture Third Quarter 2024 Earnings: Misses Expectations

Yuan Long Ping High-Tech Agriculture (SZSE:000998) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥299.0m (up 14% from 3Q 2023).
• Net loss: CN¥586.7m (loss widened by 47% from 3Q 2023).
• CN¥0.45 loss per share (further deteriorated from CN¥0.30 loss in 3Q 2023).

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

Yuan Long Ping High-Tech Agriculture Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 93%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 16% 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 2.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Yuan Long Ping High-Tech Agriculture (1 can't be ignored) you should be aware of.

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