Suzhou Veichi Electric First Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.29 in 1Q 2023)

Suzhou Veichi Electric (SHSE:688698) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥327.6m (up 4.9% from 1Q 2023).
• Net income: CN¥53.7m (flat on 1Q 2023).
• Profit margin: 16% (in line with 1Q 2023).
• EPS: CN¥0.26.

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

Suzhou Veichi Electric Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Suzhou Veichi Electric has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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