Guangzhou Kingmed Diagnostics Group Third Quarter 2024 Earnings: Misses Expectations

Guangzhou Kingmed Diagnostics Group (SHSE:603882) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.02b (flat on 3Q 2023).
• Net income: CN¥4.19m (down 99% from 3Q 2023).
• Profit margin: 0.2% (down from 15% in 3Q 2023).
• EPS: CN¥0.009 (down from CN¥0.62 in 3Q 2023).

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

Guangzhou Kingmed Diagnostics Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 96%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Healthcare industry in China.

Performance of the Chinese Healthcare industry.

The company's shares are down 5.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Guangzhou Kingmed Diagnostics Group you should know about.

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