Zhejiang Wansheng Third Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.056 in 3Q 2023)
Zhejiang Wansheng (SHSE:603010) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥737.0m (up 3.4% from 3Q 2023).
- Net income: CN¥43.6m (up 28% from 3Q 2023).
- Profit margin: 5.9% (up from 4.8% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.07 (up from CN¥0.056 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhejiang Wansheng Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.
Performance of the Chinese Chemicals industry.
The company's shares are up 11% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Zhejiang Wansheng (at least 1 which can't be ignored), and understanding these should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Zhejiang Wansheng might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SHSE:603010
Zhejiang Wansheng
Produces and sells organic phosphorus-based flame retardants, special amines, and cardanol based curing agents and diluents in China.
Flawless balance sheet low.