Wuxi Paike New Materials TechnologyLtd Third Quarter 2024 Earnings: EPS: CN¥0.68 (vs CN¥1.03 in 3Q 2023)

Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥836.7m (up 2.8% from 3Q 2023).
• Net income: CN¥81.8m (down 35% from 3Q 2023).
• Profit margin: 9.8% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.68 (down from CN¥1.03 in 3Q 2023).

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

Wuxi Paike New Materials TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 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 share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Wuxi Paike New Materials TechnologyLtd that you should be aware of.

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