SolaX Power Network Technology (Zhejiang) Past Earnings Performance
Past criteria checks 2/6
SolaX Power Network Technology (Zhejiang) has been growing earnings at an average annual rate of 27.9%, while the Electrical industry saw earnings growing at 10.1% annually. Revenues have been growing at an average rate of 29.2% per year. SolaX Power Network Technology (Zhejiang)'s return on equity is 4.6%, and it has net margins of 7.2%.
Key information
27.9%
Earnings growth rate
27.1%
EPS growth rate
| Electrical Industry Growth | 14.0% |
| Revenue growth rate | 29.2% |
| Return on equity | 4.6% |
| Net Margin | 7.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How SolaX Power Network Technology (Zhejiang) 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 | 2,873 | 207 | 552 | 455 |
| 30 Jun 24 | 2,658 | 192 | 487 | 393 |
| 31 Mar 24 | 3,185 | 595 | 399 | 323 |
| 31 Dec 23 | 4,473 | 1,065 | 424 | 275 |
| 30 Sep 23 | 5,923 | 1,618 | 453 | 268 |
| 31 Dec 22 | 4,612 | 1,134 | 375 | 151 |
| 31 Dec 21 | 833 | 63 | 141 | 55 |
| 31 Dec 20 | 389 | 33 | 79 | 32 |
| 31 Dec 19 | 389 | 0 | 104 | 29 |
Quality Earnings: 688717 has high quality earnings.
Growing Profit Margin: 688717's current net profit margins (7.2%) are lower than last year (27.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688717's earnings have grown significantly by 27.9% per year over the past 5 years.
Accelerating Growth: 688717's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 688717 had negative earnings growth (-87.2%) over the past year, making it difficult to compare to the Electrical industry average (0.3%).
Return on Equity
High ROE: 688717's Return on Equity (4.6%) is considered low.