Shanghai @hubLtd (SHSE:603881) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥404.2m (up 9.5% from 3Q 2023).
- Net income: CN¥34.5m (up 4.6% from 3Q 2023).
- Profit margin: 8.5% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.06 (up from CN¥0.054 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai @hubLtd EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%.
Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China.
Performance of the Chinese IT industry.
The company’s share price is broadly unchanged from a week ago.
Valuation
Shanghai @hubLtd’s financial results now indicate the company’s…
