Shengda ResourcesLtd Third Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.11 in 3Q 2023)

Simply Wall St

October 31, 2024

Shengda ResourcesLtd (SZSE:000603) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥544.8m (down 21% from 3Q 2023).
Net income: CN¥116.7m (up 60% from 3Q 2023).
Profit margin: 21% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: CN¥0.17 (up from CN¥0.11 in 3Q 2023).

earnings-and-revenue-growth — SZSE:000603 Earnings and Revenue Growth October 31st 2024

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

Shengda ResourcesLtd Earnings Insights

Looking ahead, revenue is forecast to grow 28% 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 shares are up 10% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Shengda ResourcesLtd's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.