CanSino Biologics Third Quarter 2024 Earnings: Beats Expectations

CanSino Biologics (HKG:6185) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥263.6m (up 76% from 3Q 2023).
• Net income: CN¥2.96m (up from CN¥143.6m loss in 3Q 2023).
• Profit margin: 1.1% (up from net loss in 3Q 2023).
• EPS: CN¥0.012 (up from CN¥0.58 loss in 3Q 2023).

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

CanSino Biologics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Biotechs industry in Hong Kong.

Performance of the Hong Kong Biotechs industry.

The company's shares are up 14% from a week ago.

Risk Analysis

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

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