Sinoseal Holding Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St · 08/31 01:31

Sinoseal Holding (SZSE:300470) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥387.5m (up 19% from 2Q 2023).
  • Net income: CN¥90.5m (up 12% from 2Q 2023).
  • Profit margin: 23% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.44 (up from CN¥0.39 in 2Q 2023).
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SZSE:300470 Earnings and Revenue Growth August 31st 2024

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

Sinoseal Holding Revenues Beat Expectations

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 13% 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 9.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Sinoseal Holding that you should be aware of before investing here.