Wuxi HyatechLtd Second Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.081 in 2Q 2023)

Wuxi HyatechLtd (SHSE:688510) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥179.0m (up 26% from 2Q 2023).
• Net income: CN¥35.6m (up 66% from 2Q 2023).
• Profit margin: 20% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.14 (up from CN¥0.081 in 2Q 2023).

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

Wuxi HyatechLtd Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Wuxi HyatechLtd you should be aware of, and 1 of them shouldn't be ignored.

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