Zhejiang Cfmoto PowerLtd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/18 22:34

Zhejiang Cfmoto PowerLtd (SHSE:603129) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.92b (up 36% from 3Q 2023).
  • Net income: CN¥372.5m (up 49% from 3Q 2023).
  • Profit margin: 9.5% (in line with 3Q 2023).
  • EPS: CN¥2.46 (up from CN¥1.67 in 3Q 2023).
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SHSE:603129 Earnings and Revenue Growth October 18th 2024

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

Zhejiang Cfmoto PowerLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Leisure industry in China.

Performance of the Chinese Leisure industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Zhejiang Cfmoto PowerLtd you should know about.