Qingdao Hi-Tech Moulds & Plastics Technology Past Earnings Performance
Past criteria checks 0/6
Qingdao Hi-Tech Moulds & Plastics Technology's earnings have been declining at an average annual rate of -17.5%, while the Auto Components industry saw earnings growing at 6.2% annually. Revenues have been growing at an average rate of 2.5% per year. Qingdao Hi-Tech Moulds & Plastics Technology's return on equity is 1.5%, and it has net margins of 2.4%.
Key information
-17.5%
Earnings growth rate
-26.2%
EPS growth rate
| Auto Components Industry Growth | 3.8% |
| Revenue growth rate | 2.5% |
| Return on equity | 1.5% |
| Net Margin | 2.4% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How Qingdao Hi-Tech Moulds & Plastics 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 | 608 | 15 | 50 | 25 |
| 31 Dec 23 | 572 | 23 | 49 | 25 |
| 30 Jun 23 | 545 | 51 | 65 | 22 |
| 31 Mar 23 | 514 | 51 | 58 | 21 |
| 31 Dec 22 | 500 | 54 | 56 | 21 |
| 30 Sep 22 | 513 | 65 | 44 | 21 |
| 30 Jun 22 | 529 | 63 | 47 | 21 |
| 31 Mar 22 | 575 | 63 | 45 | 20 |
| 01 Jan 22 | 592 | 60 | 45 | 20 |
| 30 Sep 21 | 580 | 67 | 41 | 19 |
| 30 Jun 21 | 547 | 70 | 39 | 18 |
| 31 Mar 21 | 462 | 64 | 37 | 18 |
| 31 Dec 20 | 456 | 68 | 39 | 16 |
| 31 Dec 19 | 342 | 54 | 40 | 13 |
| 31 Dec 18 | 272 | 23 | 36 | 11 |
| 31 Dec 17 | 222 | 25 | 29 | 10 |
Quality Earnings: 301022 has a high level of non-cash earnings.
Growing Profit Margin: 301022's current net profit margins (2.4%) are lower than last year (9.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301022's earnings have declined by 17.5% per year over the past 5 years.
Accelerating Growth: 301022's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 301022 had negative earnings growth (-71.1%) over the past year, making it difficult to compare to the Auto Components industry average (20.8%).
Return on Equity
High ROE: 301022's Return on Equity (1.5%) is considered low.