Keli Sensing Technology (Ningbo)Ltd Second Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.29 in 2Q 2023)

Simply Wall St · 08/30 23:14

Keli Sensing Technology (Ningbo)Ltd (SHSE:603662) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥306.9m (up 6.8% from 2Q 2023).
  • Net income: CN¥73.8m (down 12% from 2Q 2023).
  • Profit margin: 24% (down from 29% in 2Q 2023).
  • EPS: CN¥0.26 (down from CN¥0.29 in 2Q 2023).
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SHSE:603662 Earnings and Revenue Growth August 30th 2024

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

Keli Sensing Technology (Ningbo)Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 14% 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 7.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Keli Sensing Technology (Ningbo)Ltd that we have uncovered.