Fuyao Glass Industry Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 10/18 22:08

Fuyao Glass Industry Group (SHSE:600660) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥9.97b (up 13% from 3Q 2023).
  • Net income: CN¥1.98b (up 54% from 3Q 2023).
  • Profit margin: 20% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.76 (up from CN¥0.49 in 3Q 2023).
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SHSE:600660 Earnings and Revenue Growth October 18th 2024

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

Fuyao Glass Industry Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Fuyao Glass Industry Group that you should be aware of.