KEDE Numerical Control Full Year 2024 Earnings: Misses Expectations

KEDE Numerical Control (SHSE:688305) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥605.5m (up 34% from FY 2023).
• Net income: CN¥130.4m (up 28% from FY 2023).
• Profit margin: 22% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.32 (up from CN¥1.10 in FY 2023).

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

KEDE Numerical Control Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 8.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on KEDE Numerical Control's balance sheet health.

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