Ningbo Tuopu GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.48 (vs CN¥0.40 in 2Q 2023)

Ningbo Tuopu GroupLtd (SHSE:601689) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.54b (up 39% from 2Q 2023).
• Net income: CN¥806.2m (up 25% from 2Q 2023).
• Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.48 (up from CN¥0.40 in 2Q 2023).

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

Ningbo Tuopu GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are down 7.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Ningbo Tuopu GroupLtd that we have uncovered.

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