Stock Analysis
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- SZSE:300750
Contemporary Amperex Technology First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Contemporary Amperex Technology (SZSE:300750) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥79.8b (down 10% from 1Q 2023).
- Net income: CN¥10.5b (up 7.0% from 1Q 2023).
- Profit margin: 13% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥2.39 (up from CN¥2.24 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Contemporary Amperex Technology EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 2.9%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China.
Performance of the Chinese Electrical industry.
The company's share price is broadly unchanged from a week ago.
Valuation
Our analysis of Contemporary Amperex Technology based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
Valuation is complex, but we're helping make it simple.
Find out whether Contemporary Amperex Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SZSE:300750
Contemporary Amperex Technology
Contemporary Amperex Technology Co., Limited engages in the development, production, sale, and after-sales service of power battery systems, energy storage batteries, and battery materials worldwide.
Undervalued with solid track record and pays a dividend.