Stock Analysis

Zhuhai CosMX Battery First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

April 24, 2024

Zhuhai CosMX Battery (SHSE:688772) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥2.55b (up 7.2% from 1Q 2023).
Net income: CN¥10.00m (up from CN¥139.8m loss in 1Q 2023).
Profit margin: 0.4% (up from net loss in 1Q 2023).
EPS: CN¥0.01 (up from CN¥0.12 loss in 1Q 2023).

earnings-and-revenue-growth — SHSE:688772 Earnings and Revenue Growth April 24th 2024

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

Zhuhai CosMX Battery Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 81%.

Looking ahead, revenue is forecast to grow 19% 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 down 3.0% from a week ago.

Risk Analysis

Be aware that Zhuhai CosMX Battery is showing 2 warning signs in our investment analysis that you should know about...

Valuation is complex, but we're helping make it simple.

Find out whether Zhuhai CosMX Battery is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.