CanSino Biologics Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-01

CanSino Biologics (HKG:6185) Third Quarter 2024 ResultsKey Financial Results Revenue: CN¥263.6m (up 76% from 3Q 2023). Net income: CN¥2.96m (up from CN¥143.6m loss in 3Q 2023). Profit margin: 1.1% (up...

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Net income: CN¥2.96m (up from CN¥143.6m loss in 3Q 2023). 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Net income: CN¥2.96m (up from CN¥143.6m loss in 3Q 2023). Profit margin: 1.1% (up from net loss in 3Q 2023). EPS: CN¥0.012 (up from CN¥0.58 loss in 3Q 2023).  SEHK:6185 Earnings and Revenue Growth November 1st 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period CanSino Biologics Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 22%.  Earnings per share (EPS) also surpassed analyst estimates.      Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Biotechs industry in Hong Kong.    Performance of the Hong Kong Biotechs industry.  The company's shares are up 14% from a week ago.   Risk Analysis You should always think about risks. Case in point, we've spotted   1 warning sign for CanSino Biologics  you should be aware of.  New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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. 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