Xi'an Bright Laser TechnologiesLtd Full Year 2024 Earnings: Misses Expectations

Xi'an Bright Laser TechnologiesLtd (SHSE:688333) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.25b (up 1.5% from FY 2023).
• Net income: CN¥75.1m (down 47% from FY 2023).
• Profit margin: 6.0% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.28 (down from CN¥0.64 in FY 2023).

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

Xi'an Bright Laser TechnologiesLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 41% 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 share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Xi'an Bright Laser TechnologiesLtd has 2 warning signs we think you should be aware of.

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