Chengdu RML Technology Third Quarter 2024 Earnings: EPS: CN¥0.69 (vs CN¥0.28 in 3Q 2023)

Simply Wall St · 10/15 22:32

Chengdu RML Technology (SZSE:301050) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥471.0m (up 101% from 3Q 2023).
  • Net income: CN¥165.4m (up 139% from 3Q 2023).
  • Profit margin: 35% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.69 (up from CN¥0.28 in 3Q 2023).
earnings-and-revenue-growth
SZSE:301050 Earnings and Revenue Growth October 15th 2024

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

Chengdu RML Technology Earnings Insights

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Chengdu RML Technology that you need to be mindful of.