Siasun Robot&AutomationLtd Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:56

Siasun Robot&AutomationLtd (SZSE:300024) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥927.9m (up 17% from 2Q 2023).
  • Net loss: CN¥21.4m (loss narrowed by 25% from 2Q 2023).
  • CN¥0.014 loss per share (improved from CN¥0.019 loss in 2Q 2023).
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SZSE:300024 Earnings and Revenue Growth September 1st 2024

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

Siasun Robot&AutomationLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 18% 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 3.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Siasun Robot&AutomationLtd that you should be aware of.