Beijing SinoHytec Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/31 01:25

Beijing SinoHytec (SHSE:688339) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥140.7m (up 34% from 2Q 2023).
  • Net loss: CN¥50.3m (loss widened by 33% from 2Q 2023).
  • CN¥0.52 loss per share (further deteriorated from CN¥0.16 loss in 2Q 2023).
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SHSE:688339 Earnings and Revenue Growth August 31st 2024

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

Beijing SinoHytec Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 35% 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 1.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Beijing SinoHytec, and understanding this should be part of your investment process.