Square Technology GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.29 in 2Q 2023)

Simply Wall St

August 08, 2024

Square Technology GroupLtd (SHSE:603339) Second Quarter 2024 Results

Key Financial Results

Revenue: CN¥563.3m (up 5.9% from 2Q 2023).
Net income: CN¥81.0m (down 9.5% from 2Q 2023).
Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.26 (down from CN¥0.29 in 2Q 2023).

earnings-and-revenue-history — SHSE:603339 Earnings and Revenue History August 8th 2024

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

Square Technology GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Square Technology GroupLtd that you should be aware of.

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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.