Zhejiang Weigang Technology Past Earnings Performance
Past criteria checks 2/6
Zhejiang Weigang Technology's earnings have been declining at an average annual rate of -1.6%, while the Machinery industry saw earnings growing at 8.7% annually. Revenues have been growing at an average rate of 24.3% per year. Zhejiang Weigang Technology's return on equity is 8.8%, and it has net margins of 20.6%.
Key information
-1.6%
Earnings growth rate
-30.8%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 24.3% |
| Return on equity | 8.8% |
| Net Margin | 20.6% |
| Next Earnings Update | 31 Oct 2024 |
Revenue & Expenses Breakdown
How Zhejiang Weigang Technology 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 Jun 24 | 473 | 98 | 53 | 33 |
| 31 Mar 24 | 448 | 87 | 51 | 33 |
| 31 Dec 23 | 417 | 83 | 49 | 33 |
| 30 Sep 23 | 387 | 83 | 46 | 31 |
| 30 Jun 23 | 381 | 86 | 44 | 22 |
| 31 Mar 23 | 383 | 83 | 40 | 22 |
| 01 Jan 23 | 389 | 81 | 38 | 21 |
| 30 Sep 22 | 448 | 94 | 36 | 20 |
| 31 Mar 22 | 439 | 94 | 41 | 17 |
| 01 Jan 22 | 451 | 96 | 42 | 18 |
| 31 Dec 20 | 380 | 103 | 32 | 13 |
| 31 Dec 19 | 382 | 85 | 38 | 17 |
| 31 Dec 18 | 358 | 75 | 31 | 18 |
Quality Earnings: 001256 has a large one-off gain of CN¥21.1M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: 001256's current net profit margins (20.6%) are lower than last year (22.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 001256's earnings have declined by 1.6% per year over the past 5 years.
Accelerating Growth: 001256's earnings growth over the past year (13.6%) exceeds its 5-year average (-1.6% per year).
Earnings vs Industry: 001256 earnings growth over the past year (13.6%) exceeded the Machinery industry -2.9%.
Return on Equity
High ROE: 001256's Return on Equity (8.8%) is considered low.