Jiangsu Rainbow Heavy Industries Second Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2023)

Simply Wall St · 09/01 01:42

Jiangsu Rainbow Heavy Industries (SZSE:002483) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.74b (down 7.4% from 2Q 2023).
  • Net income: CN¥111.1m (down 4.3% from 2Q 2023).
  • Profit margin: 6.4% (up from 6.2% in 2Q 2023).
  • EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2023).
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SZSE:002483 Earnings and Revenue Growth September 1st 2024

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

Jiangsu Rainbow Heavy Industries Earnings Insights

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 4.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Jiangsu Rainbow Heavy Industries that you should be aware of.