Shanghai Ailu Package Third Quarter 2024 Earnings: EPS: CN¥0.029 (vs CN¥0.051 in 3Q 2023)

Shanghai Ailu Package (SZSE:301062) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥303.7m (up 14% from 3Q 2023).
• Net income: CN¥11.8m (down 36% from 3Q 2023).
• Profit margin: 3.9% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.029 (down from CN¥0.051 in 3Q 2023).

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

Shanghai Ailu Package Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in China.

Performance of the Chinese Packaging industry.

The company's shares are up 2.4% 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 Shanghai Ailu Package (1 can't be ignored!) that you need to be mindful of.

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