Feilong Auto Components Second Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2023)

Feilong Auto Components (SZSE:002536) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.13b (up 12% from 2Q 2023).
• Net income: CN¥64.8m (down 13% from 2Q 2023).
• Profit margin: 5.8% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2023).

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

Feilong Auto Components Earnings Insights

Looking ahead, revenue is forecast to grow 21% 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 7.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Feilong Auto Components you should know about.

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