Tangshan Jidong CementLtd Third Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.022 in 3Q 2023)

Tangshan Jidong CementLtd (SZSE:000401) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥7.34b (down 6.6% from 3Q 2023).
• Net income: CN¥509.4m (up by CN¥451.9m from 3Q 2023).
• Profit margin: 6.9% (up from 0.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.19 (up from CN¥0.022 in 3Q 2023).

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

Tangshan Jidong CementLtd Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Basic Materials industry in China.

Performance of the Chinese Basic Materials industry.

The company's shares are up 12% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Tangshan Jidong CementLtd you should know about.

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