State Grid Information & Communication Third Quarter 2024 Earnings: EPS: CN¥0.058 (vs CN¥0.072 in 3Q 2023)

State Grid Information & Communication (SHSE:600131) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.06b (down 4.4% from 3Q 2023).
• Net income: CN¥65.5m (down 29% from 3Q 2023).
• Profit margin: 6.2% (down from 8.3% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.058 (down from CN¥0.072 in 3Q 2023).

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

State Grid Information & Communication Earnings Insights

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - State Grid Information & Communication has 1 warning sign we think you should be aware of.

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