- China
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- Auto Components
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- SHSE:605088
GSP Automotive Group WenzhouLtd Second Quarter 2024 Earnings: EPS: CN¥0.53 (vs CN¥0.69 in 2Q 2023)
GSP Automotive Group WenzhouLtd (SHSE:605088) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.13b (up 28% from 2Q 2023).
- Net income: CN¥91.3m (down 17% from 2Q 2023).
- Profit margin: 8.1% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.53 (down from CN¥0.69 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GSP Automotive Group WenzhouLtd Earnings Insights
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 Auto Components industry in China.
Performance of the Chinese Auto Components industry.
The company's shares are down 5.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for GSP Automotive Group WenzhouLtd (1 is potentially serious!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:605088
GSP Automotive Group WenzhouLtd
Researches, develops, and sells automobile chassis systems in China, Europe, North America, South America, Asia, Oceania, and Africa.
Adequate balance sheet and fair value.