Shandong Pharmaceutical GlassLtd Third Quarter 2024 Earnings: Revenues Disappoint

Shandong Pharmaceutical GlassLtd (SHSE:600529) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.24b (down 1.0% from 3Q 2023).
• Net income: CN¥245.3m (up 7.2% from 3Q 2023).
• Profit margin: 20% (up from 18% in 3Q 2023).
• EPS: CN¥0.37 (up from CN¥0.34 in 3Q 2023).

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

Shandong Pharmaceutical GlassLtd Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Medical Equipment industry in China.

Performance of the Chinese Medical Equipment industry.

The company's shares are down 9.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Shandong Pharmaceutical GlassLtd's balance sheet.

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