GSP Automotive Group WenzhouLtd Third Quarter 2024 Earnings: EPS: CN¥0.35 (vs CN¥0.47 in 3Q 2023)

Simply Wall St · 10/26 00:32

GSP Automotive Group WenzhouLtd (SHSE:605088) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.01b (up 30% from 3Q 2023).
  • Net income: CN¥63.1m (down 19% from 3Q 2023).
  • Profit margin: 6.3% (down from 10.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.35 (down from CN¥0.47 in 3Q 2023).
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SHSE:605088 Earnings and Revenue Growth October 26th 2024

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

GSP Automotive Group WenzhouLtd Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with GSP Automotive Group WenzhouLtd (including 1 which is potentially serious).