Ningbo Water Meter (Group)Ltd Second Quarter 2024 Earnings: EPS: CN¥0.089 (vs CN¥0.20 in 2Q 2023)

Simply Wall St · 09/01 01:29

Ningbo Water Meter (Group)Ltd (SHSE:603700) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥388.2m (down 22% from 2Q 2023).
  • Net income: CN¥18.6m (down 55% from 2Q 2023).
  • Profit margin: 4.8% (down from 8.2% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.089 (down from CN¥0.20 in 2Q 2023).
earnings-and-revenue-history
SHSE:603700 Earnings and Revenue History September 1st 2024

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

Ningbo Water Meter (Group)Ltd shares are up 21% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Ningbo Water Meter (Group)Ltd (1 is potentially serious!) that you need to take into consideration.