Yantai Zhenghai Magnetic Material Third Quarter 2024 Earnings: EPS: CN¥0.049 (vs CN¥0.16 in 3Q 2023)

Simply Wall St · 10/14 22:18

Yantai Zhenghai Magnetic Material (SZSE:300224) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.27b (down 14% from 3Q 2023).
  • Net income: CN¥39.6m (down 69% from 3Q 2023).
  • Profit margin: 3.1% (down from 8.6% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.049 (down from CN¥0.16 in 3Q 2023).
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SZSE:300224 Earnings and Revenue Growth October 14th 2024

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

Yantai Zhenghai Magnetic Material Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Yantai Zhenghai Magnetic Material that we have uncovered.