Dajin Heavy IndustryLtd Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 01:07

Dajin Heavy IndustryLtd (SZSE:002487) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥893.3m (down 26% from 2Q 2023).
  • Net income: CN¥120.9m (down 39% from 2Q 2023).
  • Profit margin: 14% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.19 (down from CN¥0.31 in 2Q 2023).
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SZSE:002487 Earnings and Revenue Growth September 1st 2024

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

Dajin Heavy IndustryLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 52%. Earnings per share (EPS) also missed analyst estimates by 66%.

Looking ahead, revenue is forecast to grow 34% 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 8.1% from a week ago.

Risk Analysis

Be aware that Dajin Heavy IndustryLtd is showing 1 warning sign in our investment analysis that you should know about...