Ningbo Ligong Environment And Energy TechnologyLtd Past Earnings Performance
Past criteria checks 4/6
Ningbo Ligong Environment And Energy TechnologyLtd's earnings have been declining at an average annual rate of -4.7%, while the Electrical industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 0.3% per year. Ningbo Ligong Environment And Energy TechnologyLtd's return on equity is 10.3%, and it has net margins of 27.2%.
Key information
-4.7%
Earnings growth rate
-4.9%
EPS growth rate
| Electrical Industry Growth | 14.0% |
| Revenue growth rate | 0.3% |
| Return on equity | 10.3% |
| Net Margin | 27.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Investors Met With Slowing Returns on Capital At Ningbo Ligong Environment And Energy TechnologyLtd (SZSE:002322)
Nov 18
There Is A Reason Ningbo Ligong Environment And Energy Technology Co.,Ltd's (SZSE:002322) Price Is Undemanding
Oct 15Does Ningbo Ligong Environment And Energy TechnologyLtd (SZSE:002322) Deserve A Spot On Your Watchlist?
Sep 26Ningbo Ligong Environment And Energy Technology Co.,Ltd's (SZSE:002322) Shares Lagging The Market But So Is The Business
Jul 16We Ran A Stock Scan For Earnings Growth And Ningbo Ligong Environment And Energy TechnologyLtd (SZSE:002322) Passed With Ease
Jun 05Returns On Capital Signal Difficult Times Ahead For Ningbo Ligong Environment And Energy TechnologyLtd (SZSE:002322)
Apr 03Ningbo Ligong Environment And Energy Technology Co.,Ltd's (SZSE:002322) Shares Climb 31% But Its Business Is Yet to Catch Up
Mar 06Revenue & Expenses Breakdown
How Ningbo Ligong Environment And Energy TechnologyLtd 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 Sep 24 | 1,100 | 299 | 257 | 158 |
| 30 Jun 24 | 1,162 | 318 | 263 | 158 |
| 31 Mar 24 | 1,122 | 270 | 280 | 157 |
| 31 Dec 23 | 1,098 | 246 | 282 | 159 |
| 30 Sep 23 | 1,034 | 225 | 283 | 153 |
| 30 Jun 23 | 996 | 216 | 275 | 163 |
| 31 Mar 23 | 971 | 212 | 267 | 166 |
| 31 Dec 22 | 973 | 215 | 264 | 165 |
| 30 Sep 22 | 997 | 12 | 268 | 176 |
| 30 Jun 22 | 994 | 27 | 262 | 165 |
| 31 Mar 22 | 1,050 | 45 | 255 | 161 |
| 01 Jan 22 | 1,112 | 71 | 254 | 158 |
| 30 Sep 21 | 1,182 | 214 | 239 | 147 |
| 30 Jun 21 | 1,212 | 240 | 226 | 147 |
| 31 Mar 21 | 1,205 | 249 | 223 | 144 |
| 31 Dec 20 | 1,138 | 234 | 216 | 139 |
| 30 Sep 20 | 1,066 | 363 | 201 | 133 |
| 30 Jun 20 | 1,036 | 317 | 204 | 133 |
| 31 Mar 20 | 1,007 | 305 | 198 | 129 |
| 31 Dec 19 | 1,005 | 312 | 197 | 123 |
| 30 Sep 19 | 1,000 | 266 | 212 | 120 |
| 30 Jun 19 | 1,020 | 281 | 192 | 113 |
| 31 Mar 19 | 1,044 | 280 | 200 | 109 |
| 31 Dec 18 | 996 | 257 | 193 | 107 |
| 30 Sep 18 | 903 | 255 | 134 | 158 |
| 30 Jun 18 | 824 | 253 | 153 | 134 |
| 31 Mar 18 | 797 | 247 | 167 | 112 |
| 31 Dec 17 | 842 | 279 | 182 | 96 |
| 30 Sep 17 | 876 | 250 | 264 | 0 |
| 30 Jun 17 | 817 | 229 | 254 | 0 |
| 31 Mar 17 | 758 | 189 | 247 | 0 |
| 31 Dec 16 | 687 | 152 | 245 | 0 |
| 30 Sep 16 | 590 | 153 | 207 | 0 |
| 30 Jun 16 | 577 | 131 | 203 | 0 |
| 31 Mar 16 | 495 | 124 | 167 | 0 |
| 31 Dec 15 | 449 | 108 | 144 | 0 |
| 30 Sep 15 | 244 | 67 | 101 | 0 |
| 30 Jun 15 | 192 | 49 | 95 | 0 |
| 31 Mar 15 | 186 | 52 | 98 | 0 |
| 31 Dec 14 | 195 | 62 | 99 | 0 |
| 30 Sep 14 | 214 | 79 | 106 | 0 |
| 30 Jun 14 | 243 | 106 | 102 | 0 |
| 31 Mar 14 | 277 | 121 | 104 | 0 |
| 31 Dec 13 | 311 | 133 | 112 | 0 |
Quality Earnings: 002322 has high quality earnings.
Growing Profit Margin: 002322's current net profit margins (27.2%) are higher than last year (21.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002322's earnings have declined by 4.7% per year over the past 5 years.
Accelerating Growth: 002322's earnings growth over the past year (32.8%) exceeds its 5-year average (-4.7% per year).
Earnings vs Industry: 002322 earnings growth over the past year (32.8%) exceeded the Electrical industry 1.1%.
Return on Equity
High ROE: 002322's Return on Equity (10.3%) is considered low.