Shenzhen Liande Automation Equipmentltd Second Quarter 2024 Earnings: EPS: CN¥0.37 (vs CN¥0.21 in 2Q 2023)

Simply Wall St · 08/30 22:34

Shenzhen Liande Automation Equipmentltd (SZSE:300545) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥323.7m (up 16% from 2Q 2023).
  • Net income: CN¥66.3m (up 81% from 2Q 2023).
  • Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.37 (up from CN¥0.21 in 2Q 2023).
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SZSE:300545 Earnings and Revenue Growth August 30th 2024

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

Shenzhen Liande Automation Equipmentltd Earnings Insights

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Shenzhen Liande Automation Equipmentltd's balance sheet.