Bichamp Cutting Technology (Hunan) Third Quarter 2024 Earnings: EPS: CN¥0.043 (vs CN¥0.19 in 3Q 2023)

Simply Wall St · 10/17 22:26

Bichamp Cutting Technology (Hunan) (SZSE:002843) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥454.5m (down 2.1% from 3Q 2023).
  • Net income: CN¥11.6m (down 72% from 3Q 2023).
  • Profit margin: 2.6% (down from 9.0% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: CN¥0.043 (down from CN¥0.19 in 3Q 2023).
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SZSE:002843 Earnings and Revenue Growth October 17th 2024

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

Bichamp Cutting Technology (Hunan) Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 25% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Bichamp Cutting Technology (Hunan) that you need to take into consideration.