Lutian Machinery Second Quarter 2024 Earnings: EPS: CN¥0.29 (vs CN¥0.32 in 2Q 2023)
Lutian Machinery (SHSE:605259) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥580.3m (up 36% from 2Q 2023).
- Net income: CN¥48.7m (down 12% from 2Q 2023).
- Profit margin: 8.4% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.29 (down from CN¥0.32 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lutian Machinery shares are down 4.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Lutian Machinery you should be aware of.
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About SHSE:605259
Lutian Machinery
Engages in the research, design, development, production, and sale of general power machinery and high-pressure washers in China.
Excellent balance sheet second-rate dividend payer.