HBIS Resources Third Quarter 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.44 in 3Q 2023)

HBIS Resources (SZSE:000923) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.40b (down 14% from 3Q 2023).
• Net income: CN¥100.1m (down 65% from 3Q 2023).
• Profit margin: 7.2% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.15 (down from CN¥0.44 in 3Q 2023).

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

HBIS Resources Earnings Insights

Looking ahead, revenue is forecast to grow 15% 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 down 1.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for HBIS Resources that we have uncovered.

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