Zhejiang China Commodities City Group Third Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.059 in 3Q 2023)

Simply Wall St · 10/15 22:16

Zhejiang China Commodities City Group (SHSE:600415) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.85b (up 40% from 3Q 2023).
  • Net income: CN¥880.9m (up 177% from 3Q 2023).
  • Profit margin: 23% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.16 (up from CN¥0.059 in 3Q 2023).
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SHSE:600415 Earnings and Revenue Growth October 15th 2024

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

Zhejiang China Commodities City Group Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Multiline Retail industry in China.

Performance of the Chinese Multiline Retail industry.

The company's shares are up 12% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Zhejiang China Commodities City Group that you should be aware of before investing here.