Shenyang Fortune Precision Equipment Second Quarter 2024 Earnings: EPS: CN¥0.46 (vs CN¥0.18 in 2Q 2023)

Simply Wall St · 08/30 22:54

Shenyang Fortune Precision Equipment (SHSE:688409) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥804.8m (up 65% from 2Q 2023).
  • Net income: CN¥61.4m (up 9.0% from 2Q 2023).
  • Profit margin: 7.6% (down from 12% in 2Q 2023).
  • EPS: CN¥0.46 (up from CN¥0.18 in 2Q 2023).
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SHSE:688409 Earnings and Revenue Growth August 30th 2024

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

Shenyang Fortune Precision Equipment Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 7.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Shenyang Fortune Precision Equipment (1 makes us a bit uncomfortable!) that you need to be mindful of.