Ningbo TIP Rubber TechnologyLtd Past Earnings Performance
Past criteria checks 2/6
Ningbo TIP Rubber TechnologyLtd's earnings have been declining at an average annual rate of -27.6%, while the Auto Components industry saw earnings growing at 9% annually. Revenues have been growing at an average rate of 2.3% per year. Ningbo TIP Rubber TechnologyLtd's return on equity is 3.1%, and it has net margins of 7.7%.
Key information
-27.6%
Earnings growth rate
-34.8%
EPS growth rate
| Auto Components Industry Growth | 3.8% |
| Revenue growth rate | 2.3% |
| Return on equity | 3.1% |
| Net Margin | 7.7% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Weak Statutory Earnings May Not Tell The Whole Story For Ningbo TIP Rubber TechnologyLtd (SHSE:605255)
Nov 07
We Think Ningbo TIP Rubber TechnologyLtd's (SHSE:605255) Profit Is Only A Baseline For What They Can Achieve
Apr 29Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Ningbo TIP Rubber TechnologyLtd (SHSE:605255)
Nov 07Investor Optimism Abounds Ningbo TIP Rubber Technology Co.,Ltd (SHSE:605255) But Growth Is Lacking
Sep 27We Think Ningbo TIP Rubber TechnologyLtd's (SHSE:605255) Profit Is Only A Baseline For What They Can Achieve
Apr 29Ningbo TIP Rubber Technology Co.,Ltd (SHSE:605255) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely
Apr 17Ningbo TIP Rubber Technology Co.,Ltd's (SHSE:605255) Popularity With Investors Under Threat As Stock Sinks 31%
Feb 26Revenue & Expenses Breakdown
How Ningbo TIP Rubber TechnologyLtd makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 335 | 26 | 57 | 21 |
| 30 Jun 24 | 341 | 27 | 58 | 22 |
| 31 Mar 24 | 354 | 32 | 56 | 23 |
| 31 Dec 23 | 348 | 31 | 55 | 22 |
| 30 Sep 23 | 354 | 26 | 59 | 21 |
| 30 Jun 23 | 347 | 26 | 57 | 20 |
| 31 Mar 23 | 337 | 24 | 59 | 20 |
| 31 Dec 22 | 329 | 26 | 59 | 22 |
| 30 Sep 22 | 312 | 25 | 52 | 25 |
| 30 Jun 22 | 297 | 26 | 53 | 26 |
| 31 Mar 22 | 298 | 30 | 49 | 26 |
| 31 Dec 21 | 306 | 39 | 48 | 27 |
| 30 Sep 21 | 323 | 63 | 44 | 29 |
| 30 Jun 21 | 331 | 70 | 45 | 27 |
| 31 Mar 21 | 327 | 71 | 45 | 25 |
| 31 Dec 20 | 304 | 63 | 43 | 22 |
| 30 Sep 20 | 289 | 62 | 40 | 16 |
| 30 Jun 20 | 303 | 68 | 38 | 18 |
| 31 Mar 20 | 322 | 72 | 40 | 17 |
| 31 Dec 19 | 345 | 78 | 40 | 18 |
| 31 Dec 18 | 437 | 102 | 39 | 16 |
| 31 Dec 17 | 418 | 107 | 33 | 18 |
| 31 Dec 16 | 367 | 87 | 37 | 15 |
Quality Earnings: 605255 has high quality earnings.
Growing Profit Margin: 605255's current net profit margins (7.7%) are higher than last year (7.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 605255's earnings have declined by 27.6% per year over the past 5 years.
Accelerating Growth: 605255's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 605255 had negative earnings growth (-2%) over the past year, making it difficult to compare to the Auto Components industry average (11%).
Return on Equity
High ROE: 605255's Return on Equity (3.1%) is considered low.