Kehua Data Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 08/30 22:59

Kehua Data (SZSE:002335) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.55b (up 34% from 2Q 2023).
  • Net income: CN¥152.1m (down 15% from 2Q 2023).
  • Profit margin: 6.0% (down from 9.3% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.33 (down from CN¥0.39 in 2Q 2023).
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SZSE:002335 Earnings and Revenue Growth August 30th 2024

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

Kehua Data Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 23% 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 up 13% 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. See our latest analysis on Kehua Data's balance sheet health.