Shanghai Haohai Biological Technology Third Quarter 2024 Earnings: EPS: CN¥2.19 (vs CN¥0.36 in 3Q 2023)

Shanghai Haohai Biological Technology (HKG:6826) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥670.4m (flat on 3Q 2023).
• Net income: CN¥105.6m (down 13% from 3Q 2023).
• Profit margin: 16% (down from 18% in 3Q 2023).
• EPS: CN¥2.19.

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

Shanghai Haohai Biological Technology Earnings Insights

Looking ahead, revenue is forecast to grow 13% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Shanghai Haohai Biological Technology's balance sheet.

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