Tech-Bank Food Third Quarter 2024 Earnings: EPS: CN¥0.23 (vs CN¥0.17 loss in 3Q 2023)

Tech-Bank Food (SZSE:002124) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.83b (up 12% from 3Q 2023).
• Net income: CN¥500.4m (up from CN¥309.5m loss in 3Q 2023).
• Profit margin: 18% (up from net loss in 3Q 2023).
• EPS: CN¥0.23 (up from CN¥0.17 loss in 3Q 2023).

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

Tech-Bank Food Earnings Insights

Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Food industry in China are expected to grow by 11%.

Performance of the Chinese Food industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Tech-Bank Food (2 are a bit concerning!) that you should be aware of.

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