Tianjin Meiteng Technology Past Earnings Performance
Past criteria checks 2/6
Tianjin Meiteng Technology's earnings have been declining at an average annual rate of -0.1%, while the Machinery industry saw earnings growing at 7.3% annually. Revenues have been growing at an average rate of 16.7% per year. Tianjin Meiteng Technology's return on equity is 5.1%, and it has net margins of 12.1%.
Key information
-0.1%
Earnings growth rate
-14.9%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 16.7% |
| Return on equity | 5.1% |
| Net Margin | 12.1% |
| Last Earnings Update | 30 Sep 2024 |
Revenue & Expenses Breakdown
How Tianjin Meiteng Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 626 | 76 | 150 | 70 |
| 30 Jun 24 | 604 | 76 | 142 | 67 |
| 31 Mar 24 | 591 | 77 | 146 | 69 |
| 31 Dec 23 | 570 | 74 | 141 | 69 |
| 30 Sep 23 | 517 | 75 | 118 | 66 |
| 30 Jun 23 | 557 | 100 | 116 | 63 |
| 31 Mar 23 | 532 | 126 | 108 | 58 |
| 31 Dec 22 | 489 | 125 | 101 | 54 |
| 30 Sep 22 | 469 | 116 | 96 | 52 |
| 31 Dec 21 | 384 | 86 | 94 | 53 |
| 31 Dec 20 | 321 | 92 | 77 | 42 |
| 31 Dec 19 | 241 | 63 | 59 | 36 |
| 31 Dec 18 | 133 | 15 | 40 | 27 |
Quality Earnings: 688420 has a high level of non-cash earnings.
Growing Profit Margin: 688420's current net profit margins (12.1%) are lower than last year (14.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688420's earnings have declined by 0.1% per year over the past 5 years.
Accelerating Growth: 688420's earnings growth over the past year (0.8%) exceeds its 5-year average (-0.1% per year).
Earnings vs Industry: 688420 earnings growth over the past year (0.8%) exceeded the Machinery industry -0.4%.
Return on Equity
High ROE: 688420's Return on Equity (5.1%) is considered low.