Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd (SHSE:601952) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.40b (down 28% from 3Q 2023).
- Net income: CN¥161.3m (down 35% from 3Q 2023).
- Profit margin: 6.7% (down from 7.5% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.12 (down from CN¥0.20 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.
Performance of the Chinese Food industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 1 warning sign for Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.