Henan Lantian GasLtd Third Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.23 in 3Q 2023)

Henan Lantian GasLtd (SHSE:605368) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥961.3m (down 4.1% from 3Q 2023).
• Net income: CN¥110.1m (down 33% from 3Q 2023).
• Profit margin: 12% (down from 16% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.16 (down from CN¥0.23 in 3Q 2023).

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

Henan Lantian GasLtd Earnings Insights

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Gas Utilities industry in China.

Performance of the Chinese Gas Utilities industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Henan Lantian GasLtd you should be aware of.

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