AVIC Heavy Machinery First Quarter 2024 Earnings: EPS: CN¥0.22 (vs CN¥0.18 in 1Q 2023)

Simply Wall St

AVIC Heavy Machinery (SHSE:600765) First Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.65b (up 13% from 1Q 2023).
  • Net income: CN¥321.4m (up 19% from 1Q 2023).
  • Profit margin: 12% (in line with 1Q 2023).
  • EPS: CN¥0.22 (up from CN¥0.18 in 1Q 2023).
SHSE:600765 Earnings and Revenue Growth May 1st 2024

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

AVIC Heavy Machinery Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for AVIC Heavy Machinery you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if AVIC Heavy Machinery might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.