Shanghai Putailai New Energy TechnologyLtd Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 10/18 22:57

Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.51b (down 9.6% from 3Q 2023).
  • Net income: CN¥380.7m (up 17% from 3Q 2023).
  • Profit margin: 11% (up from 8.4% in 3Q 2023).
  • EPS: CN¥0.18 (up from CN¥0.16 in 3Q 2023).
earnings-and-revenue-history
SHSE:603659 Earnings and Revenue History October 18th 2024

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

Shanghai Putailai New Energy TechnologyLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 9.8%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Shanghai Putailai New Energy TechnologyLtd has 3 warning signs (and 1 which is potentially serious) we think you should know about.