New Hope Dairy Third Quarter 2024 Earnings: EPS: CN¥0.21 (vs CN¥0.16 in 3Q 2023)

New Hope Dairy (SZSE:002946) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.79b (down 3.8% from 3Q 2023).
• Net income: CN¥177.3m (up 23% from 3Q 2023).
• Profit margin: 6.4% (up from 5.0% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.21 (up from CN¥0.16 in 3Q 2023).

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

New Hope Dairy Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% 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

You still need to take note of risks, for example - New Hope Dairy has 2 warning signs we think you should be aware of.

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