CITIC Heavy Industries Past Earnings Performance
Past criteria checks 4/6
CITIC Heavy Industries has been growing earnings at an average annual rate of 14.9%, while the Machinery industry saw earnings growing at 10.9% annually. Revenues have been growing at an average rate of 13.8% per year. CITIC Heavy Industries's return on equity is 4.8%, and it has net margins of 4.1%.
Key information
14.9%
Earnings growth rate
15.7%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 13.8% |
| Return on equity | 4.8% |
| Net Margin | 4.1% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How CITIC Heavy Industries 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 | 9,561 | 393 | 1,073 | 497 |
| 31 Dec 23 | 9,557 | 384 | 1,082 | 531 |
| 30 Sep 23 | 9,044 | 219 | 1,018 | 640 |
| 30 Jun 23 | 9,214 | 152 | 859 | 617 |
| 31 Mar 23 | 8,833 | 147 | 808 | 652 |
| 31 Dec 22 | 8,827 | 146 | 784 | 636 |
| 30 Sep 22 | 8,831 | 183 | 759 | 528 |
| 30 Jun 22 | 8,049 | 237 | 852 | 516 |
| 31 Mar 22 | 7,831 | 241 | 856 | 497 |
| 31 Dec 21 | 7,550 | 227 | 873 | 517 |
| 30 Sep 21 | 7,495 | 230 | 879 | 554 |
| 30 Jun 21 | 7,398 | 200 | 872 | 517 |
| 31 Mar 21 | 7,124 | 237 | 852 | 469 |
| 31 Dec 20 | 6,318 | 195 | 772 | 426 |
| 30 Sep 20 | 5,891 | 221 | 726 | 395 |
| 30 Jun 20 | 5,493 | 191 | 765 | 376 |
| 31 Mar 20 | 5,256 | 124 | 710 | 388 |
| 31 Dec 19 | 5,240 | 117 | 733 | 388 |
| 30 Sep 19 | 5,286 | 134 | 697 | 385 |
| 30 Jun 19 | 5,342 | 138 | 637 | 388 |
| 31 Mar 19 | 5,368 | 119 | 684 | 377 |
| 31 Dec 18 | 5,201 | 106 | 681 | 348 |
| 30 Sep 18 | 4,886 | 80 | 783 | 321 |
| 30 Jun 18 | 4,643 | 74 | 679 | 437 |
| 31 Mar 18 | 4,420 | 35 | 719 | 353 |
| 31 Dec 17 | 4,621 | 31 | 760 | 299 |
| 30 Sep 17 | 4,426 | -1,237 | 1,046 | 208 |
| 30 Jun 17 | 4,030 | -1,584 | 1,228 | 0 |
| 31 Mar 17 | 3,815 | -1,591 | 1,285 | 0 |
| 31 Dec 16 | 3,771 | -1,584 | 1,287 | 0 |
| 30 Sep 16 | 3,677 | -447 | 1,057 | 0 |
| 30 Jun 16 | 4,049 | -58 | 1,047 | 0 |
| 31 Mar 16 | 3,707 | -29 | 1,027 | 0 |
| 31 Dec 15 | 4,021 | 62 | 1,063 | 0 |
| 30 Sep 15 | 4,318 | 193 | 1,173 | 0 |
| 30 Jun 15 | 4,418 | 244 | 1,190 | 0 |
| 31 Mar 15 | 5,099 | 327 | 1,242 | 0 |
| 31 Dec 14 | 5,286 | 370 | 1,314 | 0 |
| 30 Sep 14 | 5,347 | 458 | 1,331 | 0 |
| 30 Jun 14 | 4,917 | 400 | 1,379 | 0 |
| 31 Mar 14 | 5,106 | 461 | 1,376 | 0 |
| 31 Dec 13 | 5,083 | 491 | 1,330 | 0 |
| 30 Sep 13 | 6,060 | 755 | 1,300 | 0 |
| 30 Jun 13 | 6,819 | 827 | 1,346 | 0 |
Quality Earnings: 601608 has a large one-off gain of CN¥75.6M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 601608's current net profit margins (4.1%) are higher than last year (1.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 601608's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: 601608's earnings growth over the past year (166.8%) exceeds its 5-year average (14.9% per year).
Earnings vs Industry: 601608 earnings growth over the past year (166.8%) exceeded the Machinery industry 6.4%.
Return on Equity
High ROE: 601608's Return on Equity (4.8%) is considered low.