Zhejiang Jiemei Electronic And Technology Third Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.17 in 3Q 2023)

Simply Wall St · 10/25 22:13

Zhejiang Jiemei Electronic And Technology (SZSE:002859) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥502.3m (up 21% from 3Q 2023).
  • Net income: CN¥55.9m (down 23% from 3Q 2023).
  • Profit margin: 11% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.13 (down from CN¥0.17 in 3Q 2023).
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SZSE:002859 Earnings and Revenue Growth October 25th 2024

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

Zhejiang Jiemei Electronic And Technology Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in China.

Performance of the Chinese Packaging industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Zhejiang Jiemei Electronic And Technology (2 are significant) you should be aware of.