Xinxing Ductile Iron Pipes Third Quarter 2024 Earnings: EPS: CN¥0.014 (vs CN¥0.063 in 3Q 2023)

Xinxing Ductile Iron Pipes (SZSE:000778) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.35b (down 29% from 3Q 2023).
• Net income: CN¥55.7m (down 78% from 3Q 2023).
• Profit margin: 0.7% (down from 2.1% in 3Q 2023).
• EPS: CN¥0.014 (down from CN¥0.063 in 3Q 2023).

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

Xinxing Ductile Iron Pipes Earnings Insights

Looking ahead, revenue is forecast to grow 9.7% 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 share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Xinxing Ductile Iron Pipes that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.