Henan Mingtai Al.IndustrialLtd Third Quarter 2023 Earnings: EPS: CN¥0.35 (vs CN¥0.24 in 3Q 2022)

Henan Mingtai Al.IndustrialLtd (SHSE:601677) Third Quarter 2023 Results

Key Financial Results

• Revenue: CN¥6.82b (up 4.2% from 3Q 2022).
• Net income: CN¥358.1m (up 56% from 3Q 2022).
• Profit margin: 5.3% (up from 3.5% in 3Q 2022).
• EPS: CN¥0.35 (up from CN¥0.24 in 3Q 2022).

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

Henan Mingtai Al.IndustrialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 4 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are down 6.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Henan Mingtai Al.IndustrialLtd has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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