Dirui IndustrialLtd Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.27 in 3Q 2023)

Simply Wall St · 10/26 00:03

Dirui IndustrialLtd (SZSE:300396) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥297.2m (down 16% from 3Q 2023).
  • Net income: CN¥27.3m (down 62% from 3Q 2023).
  • Profit margin: 9.2% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.10 (down from CN¥0.27 in 3Q 2023).
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SZSE:300396 Earnings and Revenue Growth October 26th 2024

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

Dirui IndustrialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Medical Equipment industry in China.

Performance of the Chinese Medical Equipment industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Dirui IndustrialLtd (at least 1 which doesn't sit too well with us), and understanding these should be part of your investment process.