CSPC Pharmaceutical Group Third Quarter 2024 Earnings: Misses Expectations

CSPC Pharmaceutical Group (HKG:1093) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.40b (down 18% from 3Q 2023).
• Net income: CN¥757.7m (down 50% from 3Q 2023).
• Profit margin: 12% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.065 (down from CN¥0.13 in 3Q 2023).

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

CSPC Pharmaceutical Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Pharmaceuticals industry in Hong Kong.

Performance of the Hong Kong Pharmaceuticals industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for CSPC Pharmaceutical Group you should be aware of.

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