Zhejiang Canaan Technology Third Quarter 2024 Earnings: EPS: CN¥0.01 (vs CN¥0.024 in 3Q 2023)

Zhejiang Canaan Technology (SZSE:300412) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥297.8m (up 3.4% from 3Q 2023).
• Net income: CN¥3.13m (down 50% from 3Q 2023).
• Profit margin: 1.1% (down from 2.2% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.01 (down from CN¥0.024 in 3Q 2023).

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

Zhejiang Canaan Technology shares are up 4.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Zhejiang Canaan Technology (1 is a bit concerning) you should be aware of.

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