Zhejiang HangKe Technology Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/30 22:17

Zhejiang HangKe Technology (SHSE:688006) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.01b (down 14% from 2Q 2023).
  • Net income: CN¥96.3m (down 64% from 2Q 2023).
  • Profit margin: 9.6% (down from 23% in 2Q 2023).
  • EPS: CN¥0.16 (down from CN¥0.43 in 2Q 2023).
earnings-and-revenue-growth
SHSE:688006 Earnings and Revenue Growth August 30th 2024

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

Zhejiang HangKe Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

Be aware that Zhejiang HangKe Technology is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...