HUAYU Automotive Systems Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 08/31 00:20

HUAYU Automotive Systems (SHSE:600741) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥40.3b (flat on 2Q 2023).
  • Net income: CN¥1.60b (up 14% from 2Q 2023).
  • Profit margin: 4.0% (up from 3.5% in 2Q 2023).
  • EPS: CN¥0.51 (up from CN¥0.45 in 2Q 2023).
earnings-and-revenue-growth
SHSE:600741 Earnings and Revenue Growth August 31st 2024

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

HUAYU Automotive Systems EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 8.0%.

Looking ahead, revenue is forecast to grow 5.5% 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 8.5% from a week ago.

Risk Analysis

Be aware that HUAYU Automotive Systems is showing 1 warning sign in our investment analysis that you should know about...