Stock Analysis

Zijin Mining Group Third Quarter 2024 Earnings: Misses Expectations

SEHK:2899
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Zijin Mining Group (HKG:2899) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥80.0b (up 7.1% from 3Q 2023).
  • Net income: CN¥9.27b (up 58% from 3Q 2023).
  • Profit margin: 12% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.35 (up from CN¥0.22 in 3Q 2023).
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SEHK:2899 Earnings and Revenue Growth October 21st 2024

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

Zijin Mining Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 9.7%.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Be aware that Zijin Mining Group is showing 1 warning sign in our investment analysis that you should know about...

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