Ficont Industry (Beijing) First Quarter 2024 Earnings: EPS: CN¥0.38 (vs CN¥0.10 in 1Q 2023)

Ficont Industry (Beijing) (SHSE:605305) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥240.5m (up 37% from 1Q 2023).
• Net income: CN¥58.4m (up 286% from 1Q 2023).
• Profit margin: 24% (up from 8.6% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.38 (up from CN¥0.10 in 1Q 2023).

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

Ficont Industry (Beijing) Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Be aware that Ficont Industry (Beijing) is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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