Shenzhen Everwin Precision Technology Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 09/01 00:30

Shenzhen Everwin Precision Technology (SZSE:300115) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.75b (up 29% from 2Q 2023).
  • Net income: CN¥124.1m (up from CN¥50.4m loss in 2Q 2023).
  • Profit margin: 3.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
  • EPS: CN¥0.096 (up from CN¥0.041 loss in 2Q 2023).
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SZSE:300115 Earnings and Revenue Growth September 1st 2024

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

Shenzhen Everwin Precision Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 8.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Shenzhen Everwin Precision Technology has 3 warning signs we think you should be aware of.