GKG Precision Machine Second Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.22 in 2Q 2023)

Simply Wall St · 09/01 01:24

GKG Precision Machine (SZSE:301338) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥204.9m (up 13% from 2Q 2023).
  • Net income: CN¥16.7m (down 29% from 2Q 2023).
  • Profit margin: 8.2% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.16 (down from CN¥0.22 in 2Q 2023).
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SZSE:301338 Earnings and Revenue Growth September 1st 2024

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

GKG Precision Machine Earnings Insights

Looking ahead, revenue is forecast to grow 26% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for GKG Precision Machine (1 shouldn't be ignored!) that you should be aware of before investing here.