Centre Testing International Group Third Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St · 10/25 22:11

Centre Testing International Group (SZSE:300012) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.61b (up 5.7% from 3Q 2023).
  • Net income: CN¥310.1m (flat on 3Q 2023).
  • Profit margin: 19% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.19 (in line with 3Q 2023).
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SZSE:300012 Earnings and Revenue Growth October 25th 2024

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

Centre Testing International Group Revenues Disappoint

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 14% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Centre Testing International Group's balance sheet.