Ningbo TIP Rubber TechnologyLtd Second Quarter 2024 Earnings: EPS: CN¥0.029 (vs CN¥0.052 in 2Q 2023)

Ningbo TIP Rubber TechnologyLtd (SHSE:605255) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥66.8m (down 16% from 2Q 2023).
• Net income: CN¥3.73m (down 52% from 2Q 2023).
• Profit margin: 5.6% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.029 (down from CN¥0.052 in 2Q 2023).

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

Ningbo TIP Rubber TechnologyLtd shares are up 5.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ningbo TIP Rubber TechnologyLtd has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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