XTC New Energy Materials(Xiamen)Ltd Second Quarter 2024 Earnings: EPS: CN¥0.31 (vs CN¥0.34 in 2Q 2023)

XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.00b (down 34% from 2Q 2023).
• Net income: CN¥127.8m (down 8.1% from 2Q 2023).
• Profit margin: 4.3% (up from 3.1% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.31 (down from CN¥0.34 in 2Q 2023).

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

XTC New Energy Materials(Xiamen)Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for XTC New Energy Materials(Xiamen)Ltd that you should be aware of.

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.

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