Guilin Seamild Foods Third Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.12 in 3Q 2023)

Guilin Seamild Foods (SZSE:002956) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥459.8m (up 6.5% from 3Q 2023).
• Net income: CN¥41.8m (up 54% from 3Q 2023).
• Profit margin: 9.1% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.19 (up from CN¥0.12 in 3Q 2023).

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

Guilin Seamild Foods Earnings Insights

Looking ahead, revenue is forecast to grow 23% 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 2.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Guilin Seamild Foods (1 makes us a bit uncomfortable!) that you need to take into consideration.

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