Funshine Culture GroupLtd Third Quarter 2024 Earnings: EPS: CN¥0.009 (vs CN¥0.30 in 3Q 2023)

Funshine Culture GroupLtd (SZSE:300860) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥186.6m (down 41% from 3Q 2023).
• Net income: CN¥1.78m (down 97% from 3Q 2023).
• Profit margin: 1.0% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.009 (down from CN¥0.30 in 3Q 2023).

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

Funshine Culture GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Funshine Culture GroupLtd has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.