Beijing Dabeinong Technology GroupLtd Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Beijing Dabeinong Technology GroupLtd (SZSE:002385) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥7.05b (down 15% from 3Q 2023).
• Net income: CN¥289.4m (up from CN¥134.4m loss in 3Q 2023).
• Profit margin: 4.1% (up from net loss in 3Q 2023).
• EPS: CN¥0.052 (up from CN¥0.032 loss in 3Q 2023).

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

Beijing Dabeinong Technology GroupLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) exceeded analyst estimates by 197%.

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 6.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Beijing Dabeinong Technology GroupLtd (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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