OKE Precision Cutting Tools Reports Third Quarter 2024 Earnings

Simply Wall St

November 01, 2024

OKE Precision Cutting Tools (SHSE:688308) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥315.7m (up 16% from 3Q 2023).
Net income: CN¥29.7m (down 42% from 3Q 2023).
Profit margin: 9.4% (down from 19% in 3Q 2023).

earnings-and-revenue-growth — SHSE:688308 Earnings and Revenue Growth November 1st 2024

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

OKE Precision Cutting Tools Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for OKE Precision Cutting Tools (1 shouldn't be ignored!) that 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.