Eaglerise Electric & Electronic (China) Second Quarter 2024 Earnings: EPS: CN¥0.31 (vs CN¥0.25 in 2Q 2023)

Simply Wall St · 08/31 00:29

Eaglerise Electric & Electronic (China) (SZSE:002922) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.28b (up 37% from 2Q 2023).
  • Net income: CN¥117.9m (up 66% from 2Q 2023).
  • Profit margin: 9.2% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.31 (up from CN¥0.25 in 2Q 2023).
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SZSE:002922 Earnings and Revenue Growth August 31st 2024

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

Eaglerise Electric & Electronic (China) Earnings Insights

Looking ahead, revenue is forecast to grow 27% 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 14% from a week ago.

Risk Analysis

Be aware that Eaglerise Electric & Electronic (China) is showing 3 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...