Xiangtan Electric Manufacturing Second Quarter 2024 Earnings: EPS: CN¥0.085 (vs CN¥0.07 in 2Q 2023)

Simply Wall St · 09/01 02:52

Xiangtan Electric Manufacturing (SHSE:600416) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.17b (down 6.6% from 2Q 2023).
  • Net income: CN¥106.3m (up 18% from 2Q 2023).
  • Profit margin: 9.1% (up from 7.2% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.085 (up from CN¥0.07 in 2Q 2023).
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SHSE:600416 Earnings and Revenue History September 1st 2024

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

Xiangtan Electric Manufacturing shares are up 6.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Xiangtan Electric Manufacturing's balance sheet health.