Zhejiang Great Shengda PackagingLtd Third Quarter 2024 Earnings: EPS: CN¥0.059 (vs CN¥0.078 in 3Q 2023)

Zhejiang Great Shengda PackagingLtd (SHSE:603687) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥530.9m (flat on 3Q 2023).
• Net income: CN¥34.4m (down 2.8% from 3Q 2023).
• Profit margin: 6.5% (down from 6.7% in 3Q 2023).
• EPS: CN¥0.059 (down from CN¥0.078 in 3Q 2023).

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

Zhejiang Great Shengda PackagingLtd Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in China.

Performance of the Chinese Packaging industry.

The company's shares are up 9.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Zhejiang Great Shengda PackagingLtd has 2 warning signs we think you should be aware of.

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