Harbin Electric Corporation Jiamusi Electric MachineLtd Third Quarter 2024 Earnings: EPS: CN¥0.055 (vs CN¥0.14 in 3Q 2023)

Simply Wall St · 10/25 22:39

Harbin Electric Corporation Jiamusi Electric MachineLtd (SZSE:000922) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.09b (up 16% from 3Q 2023).
  • Net income: CN¥31.6m (down 62% from 3Q 2023).
  • Profit margin: 2.9% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.055 (down from CN¥0.14 in 3Q 2023).
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SZSE:000922 Earnings and Revenue Growth October 25th 2024

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

Harbin Electric Corporation Jiamusi Electric MachineLtd Earnings Insights

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 Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Harbin Electric Corporation Jiamusi Electric MachineLtd that you should be aware of before investing here.