Wave Cyber (Shanghai)Co Second Quarter 2024 Earnings: EPS: CN¥0.075 (vs CN¥0.092 in 2Q 2023)

Simply Wall St · 08/30 22:53

Wave Cyber (Shanghai)Co (SHSE:688718) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥108.5m (up 6.1% from 2Q 2023).
  • Net income: CN¥15.7m (down 1.6% from 2Q 2023).
  • Profit margin: 14% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.075 (down from CN¥0.092 in 2Q 2023).
earnings-and-revenue-history
SHSE:688718 Earnings and Revenue History August 30th 2024

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

Wave Cyber (Shanghai)Co Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 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 8.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Wave Cyber (Shanghai)Co's balance sheet.