Zhejiang Meili High Technology Past Earnings Performance
Past criteria checks 1/6
Zhejiang Meili High Technology's earnings have been declining at an average annual rate of -15.2%, while the Auto Components industry saw earnings growing at 7.9% annually. Revenues have been growing at an average rate of 20.3% per year. Zhejiang Meili High Technology's return on equity is 3.6%, and it has net margins of 3.3%.
Key information
-15.2%
Earnings growth rate
-17.6%
EPS growth rate
| Auto Components Industry Growth | 3.8% |
| Revenue growth rate | 20.3% |
| Return on equity | 3.6% |
| Net Margin | 3.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
We Think Zhejiang Meili High Technology's (SZSE:300611) Robust Earnings Are Conservative
Apr 25
Investors Could Be Concerned With Zhejiang Meili High Technology's (SZSE:300611) Returns On Capital
Apr 16A Piece Of The Puzzle Missing From Zhejiang Meili High Technology Co., Ltd.'s (SZSE:300611) 37% Share Price Climb
Mar 08Revenue & Expenses BreakdownBeta
How Zhejiang Meili High Technology 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 |
|---|---|---|---|---|
| 31 Mar 24 | 1,444 | 48 | 114 | 54 |
| 31 Dec 23 | 1,376 | 41 | 109 | 51 |
| 30 Sep 23 | 1,254 | 0 | 118 | 50 |
| 30 Jun 23 | 1,188 | -6 | 114 | 49 |
| 31 Mar 23 | 1,069 | -30 | 108 | 49 |
| 31 Dec 22 | 1,087 | -38 | 109 | 50 |
| 30 Sep 22 | 1,027 | -13 | 110 | 48 |
| 30 Jun 22 | 909 | -10 | 96 | 49 |
| 31 Mar 22 | 888 | 12 | 95 | 50 |
| 01 Jan 22 | 817 | 22 | 83 | 50 |
| 30 Sep 21 | 792 | 37 | 63 | 53 |
| 30 Jun 21 | 796 | 44 | 68 | 50 |
| 31 Mar 21 | 752 | 54 | 69 | 45 |
| 31 Dec 20 | 674 | 40 | 70 | 41 |
| 30 Sep 20 | 632 | 26 | 96 | 35 |
| 30 Jun 20 | 581 | 18 | 92 | 34 |
| 31 Mar 20 | 556 | 8 | 89 | 35 |
| 31 Dec 19 | 601 | 18 | 95 | 34 |
| 30 Sep 19 | 559 | 17 | 93 | 33 |
| 30 Jun 19 | 564 | 15 | 91 | 31 |
| 31 Mar 19 | 584 | 21 | 93 | 28 |
| 31 Dec 18 | 545 | 20 | 89 | 27 |
| 30 Sep 18 | 516 | 41 | 75 | 23 |
| 30 Jun 18 | 468 | 47 | 63 | 28 |
| 31 Mar 18 | 415 | 44 | 61 | 21 |
| 31 Dec 17 | 401 | 48 | 63 | 16 |
| 30 Sep 17 | 397 | 56 | 63 | 12 |
| 30 Jun 17 | 385 | 57 | 71 | 0 |
| 31 Mar 17 | 374 | 56 | 68 | 0 |
| 31 Dec 16 | 359 | 55 | 66 | 0 |
| 30 Sep 16 | 327 | 49 | 60 | 0 |
| 31 Mar 16 | 309 | 48 | 59 | 0 |
| 31 Dec 15 | 298 | 48 | 56 | 0 |
| 31 Dec 14 | 237 | 37 | 44 | 0 |
| 31 Dec 13 | 189 | 27 | 39 | 0 |
Quality Earnings: 300611 has a large one-off loss of CN¥31.0M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 300611 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 300611's earnings have declined by 15.2% per year over the past 5 years.
Accelerating Growth: 300611 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 300611 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (26.6%).
Return on Equity
High ROE: 300611's Return on Equity (3.6%) is considered low.