Zhejiang Runtu Third Quarter 2024 Earnings: EPS: CN¥0.04 (vs CN¥0.035 loss in 3Q 2023)

Zhejiang Runtu (SZSE:002440) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.38b (up 6.8% from 3Q 2023).
• Net income: CN¥46.4m (up from CN¥41.6m loss in 3Q 2023).
• Profit margin: 3.4% (up from net loss in 3Q 2023).
• EPS: CN¥0.04 (up from CN¥0.035 loss in 3Q 2023).

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

Zhejiang Runtu Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Zhejiang Runtu (1 is a bit unpleasant!) that you need to be mindful of.

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