Zhejiang Jinggong Integration Technology Second Quarter 2024 Earnings: Misses Expectations

Zhejiang Jinggong Integration Technology (SZSE:002006) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥416.3m (down 5.3% from 2Q 2023).
• Net income: CN¥40.0m (down 19% from 2Q 2023).
• Profit margin: 9.6% (down from 11% in 2Q 2023).
• EPS: CN¥0.09 (down from CN¥0.10 in 2Q 2023).

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

Zhejiang Jinggong Integration Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 59%. Earnings per share (EPS) also missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Zhejiang Jinggong Integration Technology.

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