Guangdong Hongtu Technology (holdings)Ltd Second Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.17 in 2Q 2023)

Guangdong Hongtu Technology (holdings)Ltd (SZSE:002101) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.89b (up 14% from 2Q 2023).
• Net income: CN¥106.7m (up 14% from 2Q 2023).
• Profit margin: 5.7% (up from 5.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.16.

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

Guangdong Hongtu Technology (holdings)Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 10% 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 shares are up 6.4% from a week ago.

Risk Analysis

Be aware that Guangdong Hongtu Technology (holdings)Ltd is showing 2 warning signs in our investment analysis that you should know about...

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