Tongling Nonferrous Metals GroupLtd Third Quarter 2024 Earnings: EPS: CN¥0.044 (vs CN¥0.042 in 3Q 2023)

Tongling Nonferrous Metals GroupLtd (SZSE:000630) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥34.8b (up 3.0% from 3Q 2023).
• Net income: CN¥548.6m (up 4.9% from 3Q 2023).
• Profit margin: 1.6% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.044 (up from CN¥0.042 in 3Q 2023).

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

Tongling Nonferrous Metals GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Tongling Nonferrous Metals GroupLtd that you need to be mindful of.

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