Zhejiang Century Huatong GroupLtd Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Zhejiang Century Huatong GroupLtd (SZSE:002602) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.25b (up 67% from 3Q 2023).
• Net income: CN¥644.9m (up 15% from 3Q 2023).
• Profit margin: 10% (down from 15% in 3Q 2023).
• EPS: CN¥0.09 (up from CN¥0.069 in 3Q 2023).

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

Zhejiang Century Huatong GroupLtd Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are up 15% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Zhejiang Century Huatong GroupLtd that you need to take into consideration.

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