GRG Banking Equipment Second Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.091 in 2Q 2023)

Simply Wall St · 09/01 01:39

GRG Banking Equipment (SZSE:002152) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.70b (up 25% from 2Q 2023).
  • Net income: CN¥251.1m (up 5.6% from 2Q 2023).
  • Profit margin: 9.3% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.10 (up from CN¥0.091 in 2Q 2023).
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SZSE:002152 Earnings and Revenue Growth September 1st 2024

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

GRG Banking Equipment Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China.

Performance of the Chinese Tech industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - GRG Banking Equipment has 1 warning sign we think you should be aware of.