Sieyuan Electric Second Quarter 2024 Earnings: EPS: CN¥0.68 (vs CN¥0.64 in 2Q 2023)

Sieyuan Electric (SZSE:002028) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.51b (up 12% from 2Q 2023).
• Net income: CN¥523.9m (up 8.7% from 2Q 2023).
• Profit margin: 15% (in line with 2Q 2023).
• EPS: CN¥0.68 (up from CN¥0.64 in 2Q 2023).

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

Sieyuan Electric Earnings Insights

Looking ahead, revenue is forecast to grow 17% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Sieyuan Electric's balance sheet health.

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