Ningbo David Medical Device Third Quarter 2024 Earnings: EPS: CN¥0.058 (vs CN¥0.11 in 3Q 2023)

Ningbo David Medical Device (SZSE:300314) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥137.1m (down 3.2% from 3Q 2023).
• Net income: CN¥16.8m (down 46% from 3Q 2023).
• Profit margin: 12% (down from 22% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.058 (down from CN¥0.11 in 3Q 2023).

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

Ningbo David Medical Device Earnings Insights

Looking ahead, revenue is forecast to grow 30% 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 13% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Ningbo David Medical Device (including 1 which is potentially serious).

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