Wedge IndustrialLtd Third Quarter 2024 Earnings: EPS: CN¥0.083 (vs CN¥0.07 in 3Q 2023)

Wedge IndustrialLtd (SZSE:000534) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥274.6m (up 9.2% from 3Q 2023).
• Net income: CN¥40.8m (up 16% from 3Q 2023).
• Profit margin: 15% (in line with 3Q 2023).
• EPS: CN¥0.083 (up from CN¥0.07 in 3Q 2023).

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

Wedge IndustrialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's shares are up 1.3% 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 Wedge IndustrialLtd (2 are potentially serious!) that you need to be mindful of.

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