HMT (Xiamen) New Technical Materials Second Quarter 2024 Earnings: EPS: CN¥0.23 (vs CN¥0.15 in 2Q 2023)

Simply Wall St · 09/01 02:48

HMT (Xiamen) New Technical Materials (SHSE:603306) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥499.5m (up 5.8% from 2Q 2023).
  • Net income: CN¥78.4m (up 62% from 2Q 2023).
  • Profit margin: 16% (up from 10% in 2Q 2023).
  • EPS: CN¥0.23 (up from CN¥0.15 in 2Q 2023).
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SHSE:603306 Earnings and Revenue Growth September 1st 2024

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

HMT (Xiamen) New Technical Materials Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.

Performance of the Chinese Luxury industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for HMT (Xiamen) New Technical Materials that we have uncovered.