Hangzhou Jingye Intelligent Technology Second Quarter 2024 Earnings: EPS: CN¥0.36 (vs CN¥0.062 in 2Q 2023)

Hangzhou Jingye Intelligent Technology (SHSE:688290) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥71.4m (up 76% from 2Q 2023).
• Net income: CN¥23.7m (up 406% from 2Q 2023).
• Profit margin: 33% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.36 (up from CN¥0.062 in 2Q 2023).

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

Hangzhou Jingye Intelligent Technology Earnings Insights

Looking ahead, revenue is forecast to grow 39% 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

You should learn about the 2 warning signs we've spotted with Hangzhou Jingye Intelligent Technology (including 1 which is a bit unpleasant).

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