China XD Electric Second Quarter 2024 Earnings: EPS: CN¥0.049 (vs CN¥0.046 in 2Q 2023)

Simply Wall St · 09/01 00:53

China XD Electric (SHSE:601179) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥5.63b (up 22% from 2Q 2023).
  • Net income: CN¥249.1m (up 5.7% from 2Q 2023).
  • Profit margin: 4.4% (down from 5.1% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.049 (up from CN¥0.046 in 2Q 2023).
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SHSE:601179 Earnings and Revenue Growth September 1st 2024

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

China XD Electric Earnings Insights

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 Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for China XD Electric that we have uncovered.