OKE Precision Cutting Tools Full Year 2024 Earnings: Misses Expectations

OKE Precision Cutting Tools (SHSE:688308) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.13b (up 9.8% from FY 2023).
• Net income: CN¥58.1m (down 65% from FY 2023).
• Profit margin: 5.2% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥3,700.

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

OKE Precision Cutting Tools Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 18% 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 3.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - OKE Precision Cutting Tools has 2 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.