CATARC Automotive Proving GroundLtd Third Quarter 2024 Earnings: EPS: CN¥0.022 (vs CN¥0.03 in 3Q 2023)

Simply Wall St · 10/15 22:42

CATARC Automotive Proving GroundLtd (SZSE:301215) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥101.9m (up 5.7% from 3Q 2023).
  • Net income: CN¥36.8m (down 21% from 3Q 2023).
  • Profit margin: 36% (down from 49% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.022 (down from CN¥0.03 in 3Q 2023).
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SZSE:301215 Earnings and Revenue Growth October 15th 2024

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

CATARC Automotive Proving GroundLtd Earnings Insights

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Professional Services industry in China.

Performance of the Chinese Professional Services industry.

The company's shares are down 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for CATARC Automotive Proving GroundLtd that you should be aware of.