Fangda Special Steel Technology Third Quarter 2024 Earnings: EPS: CN¥0.011 (vs CN¥0.13 in 3Q 2023)

Fangda Special Steel Technology (SHSE:600507) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.11b (down 3.0% from 3Q 2023).
• Net income: CN¥26.1m (down 91% from 3Q 2023).
• Profit margin: 0.4% (down from 4.8% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.011 (down from CN¥0.13 in 3Q 2023).

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

Fangda Special Steel Technology Earnings Insights

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Fangda Special Steel Technology (1 doesn't sit too well with us) you should be aware of.

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