CITIC Heavy Industries Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for CITIC Heavy Industries.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Machinery earnings growth	30.3%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	None
Last updated	n/a

Recent future growth updates

No updates

Recent updates

We Think That There Are Some Issues For CITIC Heavy Industries (SHSE:601608) Beyond Its Promising Earnings

Nov 05

Here's Why CITIC Heavy Industries (SHSE:601608) Has Caught The Eye Of Investors

Oct 15

CITIC Heavy Industries (SHSE:601608) Has More To Do To Multiply In Value Going Forward

Sep 25

Estimating The Fair Value Of CITIC Heavy Industries Co., Ltd. (SHSE:601608)

Jul 21

Investors Met With Slowing Returns on Capital At CITIC Heavy Industries (SHSE:601608)

Jun 07

With EPS Growth And More, CITIC Heavy Industries (SHSE:601608) Makes An Interesting Case

May 13

CITIC Heavy Industries' (SHSE:601608) Solid Profits Have Weak Fundamentals

Mar 22

Here's Why CITIC Heavy Industries (SHSE:601608) Can Afford Some Debt

Feb 27

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CITIC Heavy Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

SHSE:601608 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	8,448	401	449	624	N/A
6/30/2024	8,793	385	793	954	N/A
3/31/2024	9,561	393	1,226	1,358	N/A
12/31/2023	9,557	384	1,053	1,200	N/A
9/30/2023	9,044	219	986	1,123	N/A
6/30/2023	9,214	152	805	946	N/A
3/31/2023	8,833	147	1,200	1,341	N/A
12/31/2022	8,827	146	1,080	1,213	N/A
9/30/2022	8,831	183	1,250	1,470	N/A
6/30/2022	8,049	237	1,159	1,410	N/A
3/31/2022	7,831	241	559	837	N/A
12/31/2021	7,550	227	367	682	N/A
9/30/2021	7,495	230	311	539	N/A
6/30/2021	7,398	200	148	440	N/A
3/31/2021	7,124	237	74	418	N/A
12/31/2020	6,318	195	237	605	N/A
9/30/2020	5,891	221	80	540	N/A
6/30/2020	5,493	191	214	666	N/A
3/31/2020	5,256	124	55	499	N/A
12/31/2019	5,240	117	50	451	N/A
9/30/2019	5,286	134	259	617	N/A
6/30/2019	5,342	138	401	725	N/A
3/31/2019	5,368	119	360	630	N/A
12/31/2018	5,201	106	374	724	N/A
9/30/2018	4,886	80	3	418	N/A
6/30/2018	4,643	74	N/A	488	N/A
3/31/2018	4,420	35	N/A	387	N/A
12/31/2017	4,621	31	N/A	771	N/A
9/30/2017	4,426	-1,237	N/A	178	N/A
6/30/2017	4,030	-1,584	N/A	-165	N/A
3/31/2017	3,815	-1,591	N/A	-304	N/A
12/31/2016	3,771	-1,584	N/A	-714	N/A
9/30/2016	3,677	-447	N/A	83	N/A
6/30/2016	4,049	-58	N/A	16	N/A
3/31/2016	3,707	-29	N/A	255	N/A
12/31/2015	4,021	62	N/A	56	N/A
9/30/2015	4,318	193	N/A	-358	N/A
6/30/2015	4,418	244	N/A	-356	N/A
3/31/2015	5,099	327	N/A	-553	N/A
12/31/2014	5,286	370	N/A	-365	N/A
9/30/2014	5,347	458	N/A	47	N/A
6/30/2014	4,917	400	N/A	99	N/A
3/31/2014	5,106	461	N/A	106	N/A
12/31/2013	5,083	491	N/A	46	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 601608's forecast earnings growth is above the savings rate (2.8%).

Earnings vs Market: Insufficient data to determine if 601608's earnings are forecast to grow faster than the CN market

High Growth Earnings: Insufficient data to determine if 601608's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 601608's revenue is forecast to grow faster than the CN market.

High Growth Revenue: Insufficient data to determine if 601608's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 601608's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 02:23
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CITIC Heavy Industries Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

CITIC Heavy Industries Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

We Think That There Are Some Issues For CITIC Heavy Industries (SHSE:601608) Beyond Its Promising Earnings

Third quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.018 in 3Q 2023)

Here's Why CITIC Heavy Industries (SHSE:601608) Has Caught The Eye Of Investors

CITIC Heavy Industries Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024

Investor sentiment improves as stock rises 23%

CITIC Heavy Industries (SHSE:601608) Has More To Do To Multiply In Value Going Forward

Second quarter 2024 earnings released: EPS: CN¥0.023 (vs CN¥0.025 in 2Q 2023)

Now 20% undervalued after recent price drop

Estimating The Fair Value Of CITIC Heavy Industries Co., Ltd. (SHSE:601608)

New minor risk - Shareholder dilution

CITIC Heavy Industries Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024

Investors Met With Slowing Returns on Capital At CITIC Heavy Industries (SHSE:601608)

With EPS Growth And More, CITIC Heavy Industries (SHSE:601608) Makes An Interesting Case

First quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.019 in 1Q 2023)

CITIC Heavy Industries Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024

CITIC Heavy Industries' (SHSE:601608) Solid Profits Have Weak Fundamentals

New minor risk - Dividend sustainability

CITIC Heavy Industries Co., Ltd., Annual General Meeting, Apr 09, 2024

Full year 2023 earnings released: EPS: CN¥0.088 (vs CN¥0.034 in FY 2022)

Here's Why CITIC Heavy Industries (SHSE:601608) Can Afford Some Debt

CITIC Heavy Industries Co., Ltd. to Report Fiscal Year 2023 Results on Mar 16, 2024

Third quarter 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.002 in 3Q 2022)

CITIC Heavy Industries Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023

Second quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.024 in 2Q 2022)

Full year 2022 earnings released: EPS: CN¥0.034 (vs CN¥0.052 in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.015 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.024 (vs CN¥0.025 in 2Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: CN¥0.052 (vs CN¥0.05 in FY 2020)

Third quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.008 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.025 (vs CN¥0.034 in 2Q 2020)

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.005 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.05 (vs CN¥0.03 in FY 2019)

New 90-day low: CN¥3.45

CITIC Heavy Industries Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021

New 90-day high: CN¥4.10

Third quarter earnings released

New 90-day low: CN¥3.67

New 90-day low: CN¥3.69

Earnings released

CTS International Logistics Corporation Limited (SHSE:603128) won the bid to acquire 60% stake in Luoyang Zhongzhong Transportation Co., Ltd. from CITIC Heavy Industries Co., Ltd. (SHSE:601608) for CNY 69.2 million.

CITIC Heavy Industries Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020