Bichamp Cutting Technology (Hunan) First Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.17 in 1Q 2023)

Simply Wall St · 09/01 01:44

Bichamp Cutting Technology (Hunan) (SZSE:002843) First Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥430.9m (down 3.5% from 1Q 2023).
  • Net income: CN¥27.2m (down 26% from 1Q 2023).
  • Profit margin: 6.3% (down from 8.2% in 1Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.11 (down from CN¥0.17 in 1Q 2023).
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SZSE:002843 Earnings and Revenue Growth September 1st 2024

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

Bichamp Cutting Technology (Hunan) Earnings Insights

Looking ahead, revenue is forecast to grow 21% 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 18% from a week ago.

Risk Analysis

Be aware that Bichamp Cutting Technology (Hunan) is showing 4 warning signs in our investment analysis that you should know about...