Stock Analysis

Zhejiang Jinggong Integration Technology Second Quarter 2024 Earnings: Misses Expectations

SZSE:002006

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).
SZSE:002006 Earnings and Revenue History August 11th 2024

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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