Wuxi Paike New Materials TechnologyLtd Second Quarter 2024 Earnings: EPS: CN¥0.76 (vs CN¥1.28 in 2Q 2023)

Simply Wall St · 09/01 00:12

Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥895.6m (down 14% from 2Q 2023).
  • Net income: CN¥92.6m (down 40% from 2Q 2023).
  • Profit margin: 10% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.76 (down from CN¥1.28 in 2Q 2023).
earnings-and-revenue-growth
SHSE:605123 Earnings and Revenue Growth September 1st 2024

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

Wuxi Paike New Materials TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Wuxi Paike New Materials TechnologyLtd has 2 warning signs we think you should be aware of.