Gem-Year IndustrialLtd Past Earnings Performance

Past criteria checks 0/6

Gem-Year IndustrialLtd's earnings have been declining at an average annual rate of -22.8%, while the Machinery industry saw earnings growing at 9.5% annually. Revenues have been declining at an average rate of 6.2% per year.

Key information

-22.8%

Earnings growth rate

-25.4%

EPS growth rate

Machinery Industry Growth	11.8%
Revenue growth rate	-6.2%
Return on equity	-1.4%
Net Margin	-2.6%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Gem-Year IndustrialLtd makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SHSE:601002 Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Mar 24	2,252	-59	191	112
31 Dec 23	2,314	-19	203	113
30 Sep 23	2,339	6	220	116
30 Jun 23	2,300	29	224	105
31 Mar 23	2,531	79	231	116
31 Dec 22	2,717	115	239	127
30 Sep 22	2,734	118	185	128
30 Jun 22	2,876	163	190	136
31 Mar 22	2,981	220	197	134
31 Dec 21	2,874	215	184	125
30 Sep 21	2,959	601	168	128
30 Jun 21	2,912	601	193	135
31 Mar 21	2,790	542	202	132
31 Dec 20	2,522	502	185	122
30 Sep 20	2,351	119	198	113
30 Jun 20	2,313	111	189	109
31 Mar 20	2,196	76	199	98
31 Dec 19	2,947	139	285	113
30 Sep 19	3,379	185	333	117
30 Jun 19	3,564	199	329	102
31 Mar 19	3,797	229	337	93
31 Dec 18	3,471	178	299	79
30 Sep 18	3,304	133	216	117
30 Jun 18	3,225	126	234	96
31 Mar 18	3,162	146	238	82
31 Dec 17	2,967	148	236	74
30 Sep 17	2,764	162	278	0
30 Jun 17	2,506	132	276	0
31 Mar 17	2,334	96	271	0
31 Dec 16	2,284	72	269	0
30 Sep 16	2,235	41	248	0
30 Jun 16	2,190	28	245	0
31 Mar 16	2,188	-4	236	0
31 Dec 15	2,278	-14	234	0
30 Sep 15	2,320	-6	244	0
30 Jun 15	2,508	22	241	0
31 Mar 15	2,825	83	285	0
31 Dec 14	3,008	137	310	0
30 Sep 14	3,177	171	337	0
30 Jun 14	3,226	182	342	0
31 Mar 14	2,992	149	294	0
31 Dec 13	2,733	84	264	0
30 Sep 13	2,716	95	250	0
30 Jun 13	2,630	59	243	0

Quality Earnings: 601002 is currently unprofitable.

Growing Profit Margin: 601002 is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 601002 is unprofitable, and losses have increased over the past 5 years at a rate of 22.8% per year.

Accelerating Growth: Unable to compare 601002's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 601002 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (4.3%).

Return on Equity

High ROE: 601002 has a negative Return on Equity (-1.43%), as it is currently unprofitable.

Gem-Year IndustrialLtd Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

First quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.02 profit in 1Q 2023)

Full year 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.12 profit in FY 2022)

Gem-Year Industrial Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Gem-Year Industrial Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024

Third quarter 2023 earnings released: CN¥0.022 loss per share (vs CN¥0.008 profit in 3Q 2022)

Second quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.048 profit in 2Q 2022)

Recent updates

First quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.02 profit in 1Q 2023)

Full year 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.12 profit in FY 2022)

Gem-Year Industrial Co.,Ltd., Annual General Meeting, May 09, 2024

Gem-Year Industrial Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Now 23% overvalued

Gem-Year Industrial Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024

Third quarter 2023 earnings released: CN¥0.022 loss per share (vs CN¥0.008 profit in 3Q 2022)

New minor risk - Earnings quality

Second quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.048 profit in 2Q 2022)

Gem-Year Industrial Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023

Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.23 in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.008 (vs CN¥0.055 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.048 (vs CN¥0.11 in 2Q 2021)

First quarter 2022 earnings released: EPS: CN¥0.057 (vs CN¥0.052 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: CN¥0.22 (vs CN¥0.56 in FY 2020)

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.057 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.061 in 2Q 2020)

Full year 2020 earnings released: EPS CN¥0.56 (vs CN¥0.17 in FY 2019)

New 90-day low: CN¥4.78

Gem-Year Industrial Co., Ltd.(XSSC:601002) dropped from S&P Global BMI Index

New 90-day low: CN¥4.92

Ningbo Jinchang Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire 3.65% in Gem-Year Logistics Co., Ltd. from Gem-Year Industrial Co., Ltd. (SHSE:601002) for CNY 42.7 million.

Third quarter earnings released

New 90-day low: CN¥5.56

Jiaxing Fuxi Enterprise Management Co., Ltd completed the acquisition of 20.6% stake in Gem-Year Logistics Co., Ltd., from Gem-Year Industrial Co., Ltd. (SHSE:601002).

Ningbo Jinchang Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire 13.82% in Gem-Year Logistics Co., Ltd. from Gem-Year Industrial Co., Ltd. (SHSE:601002) for CNY 60.95 million.

Earnings released

New 90-day high - CN¥6.37

Gem-Year Industrial Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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