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Zhejiang Meili High Technology Second Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.051 in 2Q 2023)
Zhejiang Meili High Technology (SZSE:300611) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥416.1m (up 26% from 2Q 2023).
- Net income: CN¥30.6m (up 205% from 2Q 2023).
- Profit margin: 7.4% (up from 3.0% in 2Q 2023).
- EPS: CN¥0.14 (up from CN¥0.051 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhejiang Meili High Technology shares are up 2.1% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Zhejiang Meili High Technology (at least 2 which don't sit too well with us), and understanding these should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Zhejiang Meili High Technology might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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 SZSE:300611
Zhejiang Meili High Technology
Engages in the research and development, production, and sale of high-end spring products and precision injection molded parts in China and internationally.
Excellent balance sheet and fair value.