HitGen Third Quarter 2024 Earnings: EPS: CN¥0.18 (vs CN¥0.031 in 3Q 2023)

HitGen (SHSE:688222) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥103.5m (up 15% from 3Q 2023).
• Net income: CN¥19.9m (up 60% from 3Q 2023).
• Profit margin: 19% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.18 (up from CN¥0.031 in 3Q 2023).

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

HitGen Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Life Sciences industry in China.

Performance of the Chinese Life Sciences industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on HitGen's balance sheet.

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.