Yantai Eddie Precision Machinery Second Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.10 in 2Q 2023)

Simply Wall St · 08/31 00:23

Yantai Eddie Precision Machinery (SHSE:603638) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥754.2m (up 47% from 2Q 2023).
  • Net income: CN¥108.2m (up 26% from 2Q 2023).
  • Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.13 (up from CN¥0.10 in 2Q 2023).
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SHSE:603638 Earnings and Revenue Growth August 31st 2024

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

Yantai Eddie Precision Machinery Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

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

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Yantai Eddie Precision Machinery that you need to be mindful of.