Dalian Haosen Intelligent Manufacturing Second Quarter 2024 Earnings: EPS: CN¥0.021 (vs CN¥0.38 in 2Q 2023)

Simply Wall St · 09/01 00:54

Dalian Haosen Intelligent Manufacturing (SHSE:688529) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥536.8m (down 7.5% from 2Q 2023).
  • Net income: CN¥3.64m (down 93% from 2Q 2023).
  • Profit margin: 0.7% (down from 8.3% in 2Q 2023).
  • EPS: CN¥0.021 (down from CN¥0.38 in 2Q 2023).
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SHSE:688529 Earnings and Revenue Growth September 1st 2024

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

Dalian Haosen Intelligent Manufacturing Earnings Insights

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 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 8.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Dalian Haosen Intelligent Manufacturing (2 can't be ignored!) that you need to take into consideration.