Leader Harmonious Drive Systems Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 6d ago

Leader Harmonious Drive Systems (SHSE:688017) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥90.5m (up 9.0% from 2Q 2023).
  • Net income: CN¥16.5m (down 37% from 2Q 2023).
  • Profit margin: 18% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.098 (down from CN¥0.15 in 2Q 2023).
earnings-and-revenue-history
SHSE:688017 Earnings and Revenue History September 1st 2024

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

Leader Harmonious Drive Systems Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 31% 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 6.3% from a week ago.

Risk Analysis

Be aware that Leader Harmonious Drive Systems is showing 1 warning sign in our investment analysis that you should know about...