Zhende Medical Third Quarter 2024 Earnings: EPS: CN¥0.55 (vs CN¥0.24 in 3Q 2023)

Zhende Medical (SHSE:603301) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.08b (up 20% from 3Q 2023).
• Net income: CN¥146.4m (up 132% from 3Q 2023).
• Profit margin: 14% (up from 7.0% in 3Q 2023).
• EPS: CN¥0.55 (up from CN¥0.24 in 3Q 2023).

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

Zhende Medical Earnings Insights

Looking ahead, revenue is forecast to grow 18% 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 up 1.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Zhende Medical that you should be aware of.

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