Earnings Alerts

Zhejiang Huayou Cobalt (603799) Earnings: 3Q Net Income Hits 1.35B Yuan

By October 18, 2024 No Comments
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  • Huayou Cobalt reported a net income of 1.35 billion yuan for the third quarter.
  • The company’s total revenue reached 15.44 billion yuan in the same period.
  • Earnings per share (EPS) stands at 80 RMB cents.
  • Analyst ratings for Huayou Cobalt include 20 buys, 1 hold, and 2 sells.

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A look at Zhejiang Huayou Cobalt Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts are optimistic about the long-term outlook for Zhejiang Huayou Cobalt, a company that manufactures battery materials and new cobalt products in China. The company received high scores in key areas, including a top score of 5 for Dividend, indicating a strong dividend policy. Additionally, a score of 4 for Value and Growth suggests that the company is perceived as undervalued and has potential for future growth. Momentum, another important factor, also scored a 5, indicating positive market momentum for the company.

Despite these positive scores, Zhejiang Huayou Cobalt received a lower score of 2 for Resilience, reflecting some concerns about the company’s ability to withstand economic challenges. Overall, the company’s strong performance in Dividend, Value, Growth, and Momentum indicates a promising future outlook, with potential for growth and shareholder returns in the long run.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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