China Marine Information Electronics Second Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.10 in 2Q 2023)

Simply Wall St · 09/01 01:49

China Marine Information Electronics (SHSE:600764) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥799.4m (down 13% from 2Q 2023).
  • Net income: CN¥71.5m (down 4.3% from 2Q 2023).
  • Profit margin: 8.9% (up from 8.1% in 2Q 2023).
  • EPS: CN¥0.10 (down from CN¥0.10 in 2Q 2023).
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SHSE:600764 Earnings and Revenue Growth September 1st 2024

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

China Marine Information Electronics Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for China Marine Information Electronics that we have uncovered.