Chongqing Zongshen Power MachineryLtd Second Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.13 in 2Q 2023)

Simply Wall St · 08/30 23:23

Chongqing Zongshen Power MachineryLtd (SZSE:001696) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.48b (up 29% from 2Q 2023).
  • Net income: CN¥161.7m (up 9.2% from 2Q 2023).
  • Profit margin: 6.5% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.14 (up from CN¥0.13 in 2Q 2023).
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SZSE:001696 Earnings and Revenue Growth August 30th 2024

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

Chongqing Zongshen Power MachineryLtd Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Chongqing Zongshen Power MachineryLtd (of which 1 is concerning!) you should know about.