Dongguan Yiheda Automation Second Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St · 08/31 00:49

Dongguan Yiheda Automation (SZSE:301029) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥690.5m (down 16% from 2Q 2023).
  • Net income: CN¥126.4m (down 32% from 2Q 2023).
  • Profit margin: 18% (down from 23% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.22 (down from CN¥0.33 in 2Q 2023).
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SZSE:301029 Earnings and Revenue Growth August 31st 2024

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

Dongguan Yiheda Automation EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 19% 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 4.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Dongguan Yiheda Automation that you should be aware of.