Shenzhen New Industries Biomedical Engineering Third Quarter 2024 Earnings: Misses Expectations

Shenzhen New Industries Biomedical Engineering (SZSE:300832) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.20b (up 15% from 3Q 2023).
• Net income: CN¥480.4m (up 10.0% from 3Q 2023).
• Profit margin: 40% (down from 42% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.61 (up from CN¥0.56 in 3Q 2023).

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

Shenzhen New Industries Biomedical Engineering Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 23% 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 2.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Shenzhen New Industries Biomedical Engineering you should be aware of.

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