Wetown Electric Group Past Earnings Performance
Past criteria checks 4/6
Wetown Electric Group has been growing earnings at an average annual rate of 23%, while the Electrical industry saw earnings growing at 12.3% annually. Revenues have been growing at an average rate of 37% per year. Wetown Electric Group's return on equity is 13.9%, and it has net margins of 4.4%.
Key information
23.0%
Earnings growth rate
12.9%
EPS growth rate
| Electrical Industry Growth | 14.0% |
| Revenue growth rate | 37.0% |
| Return on equity | 13.9% |
| Net Margin | 4.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Wetown Electric Group Co., Ltd.'s (SHSE:688226) Shares Leap 32% Yet They're Still Not Telling The Full Story
May 13
Wetown Electric Group (SHSE:688226) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 03Wetown Electric Group Co., Ltd.'s (SHSE:688226) Shares Leap 27% Yet They're Still Not Telling The Full Story
Mar 11Revenue & Expenses BreakdownBeta
How Wetown Electric Group 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 | 3,212 | 142 | 227 | 107 |
| 31 Dec 23 | 2,848 | 120 | 198 | 92 |
| 30 Sep 23 | 2,521 | 104 | 210 | 82 |
| 30 Jun 23 | 1,934 | 76 | 173 | 67 |
| 31 Mar 23 | 1,738 | 68 | 153 | 63 |
| 31 Dec 22 | 1,636 | 70 | 143 | 59 |
| 30 Sep 22 | 1,457 | 66 | 127 | 51 |
| 30 Jun 22 | 1,433 | 62 | 125 | 47 |
| 31 Mar 22 | 1,318 | 60 | 117 | 40 |
| 31 Dec 21 | 1,254 | 60 | 117 | 37 |
| 30 Sep 21 | 1,243 | 64 | 98 | 37 |
| 30 Jun 21 | 1,176 | 68 | 98 | 33 |
| 31 Mar 21 | 1,049 | 57 | 98 | 30 |
| 31 Dec 20 | 948 | 47 | 97 | 28 |
| 31 Dec 19 | 908 | 55 | 112 | 26 |
| 31 Dec 18 | 935 | 51 | 118 | 28 |
| 30 Jun 17 | 656 | 41 | 107 | 0 |
| 31 Mar 17 | 645 | 44 | 109 | 0 |
| 31 Dec 16 | 634 | 47 | 112 | 0 |
| 30 Sep 16 | 659 | 46 | 120 | 0 |
| 30 Jun 16 | 680 | 48 | 125 | 0 |
| 31 Mar 16 | 668 | 49 | 120 | 0 |
| 31 Dec 15 | 655 | 49 | 115 | 0 |
| 31 Dec 14 | 632 | 43 | 82 | 0 |
Quality Earnings: 688226 has a high level of non-cash earnings.
Growing Profit Margin: 688226's current net profit margins (4.4%) are higher than last year (3.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688226's earnings have grown significantly by 23% per year over the past 5 years.
Accelerating Growth: 688226's earnings growth over the past year (108.4%) exceeds its 5-year average (23% per year).
Earnings vs Industry: 688226 earnings growth over the past year (108.4%) exceeded the Electrical industry -0.9%.
Return on Equity
High ROE: 688226's Return on Equity (13.9%) is considered low.