Zhejiang Oceanking Development Third Quarter 2024 Earnings: EPS: CN¥0.092 (vs CN¥0.16 in 3Q 2023)

Zhejiang Oceanking Development (SHSE:603213) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥869.1m (up 61% from 3Q 2023).
• Net income: CN¥42.5m (down 36% from 3Q 2023).
• Profit margin: 4.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.092 (down from CN¥0.16 in 3Q 2023).

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

Zhejiang Oceanking Development's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Zhejiang Oceanking Development (at least 1 which makes us a bit uncomfortable), and understanding these should be part of your investment process.

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