Zhejiang Publishing & Media Third Quarter 2024 Earnings: CN¥0.035 loss per share (vs CN¥0.063 profit in 3Q 2023)

Zhejiang Publishing & Media (SHSE:601921) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.86b (down 18% from 3Q 2023).
• Net loss: CN¥72.9m (down by 154% from CN¥135.9m profit in 3Q 2023).
• CN¥0.035 loss per share (down from CN¥0.063 profit in 3Q 2023).

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

Zhejiang Publishing & Media Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are down 7.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Zhejiang Publishing & Media (of which 1 shouldn't be ignored!) you should know about.

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