Shanghai Morn Electric Equipment Past Earnings Performance
Past criteria checks 3/6
Shanghai Morn Electric Equipment's earnings have been declining at an average annual rate of -10.9%, while the Electrical industry saw earnings growing at 12.9% annually. Revenues have been growing at an average rate of 23.5% per year. Shanghai Morn Electric Equipment's return on equity is 1.6%, and it has net margins of 1.3%.
Key information
-10.9%
Earnings growth rate
-11.3%
EPS growth rate
| Electrical Industry Growth | 14.0% |
| Revenue growth rate | 23.5% |
| Return on equity | 1.6% |
| Net Margin | 1.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Shanghai Morn Electric Equipment 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 |
|---|---|---|---|---|
| 31 Mar 24 | 1,074 | 14 | 58 | 37 |
| 31 Dec 23 | 1,089 | 16 | 62 | 35 |
| 30 Sep 23 | 1,085 | 14 | 59 | 50 |
| 30 Jun 23 | 1,100 | 15 | 57 | 43 |
| 31 Mar 23 | 1,071 | 12 | 54 | 31 |
| 01 Jan 23 | 1,078 | 15 | 55 | 33 |
| 30 Sep 22 | 1,121 | 15 | 44 | 35 |
| 30 Jun 22 | 1,228 | 14 | 60 | 37 |
| 31 Mar 22 | 1,232 | 20 | 65 | 41 |
| 31 Dec 21 | 1,142 | 13 | 64 | 34 |
| 30 Sep 21 | 1,012 | 28 | 75 | 17 |
| 30 Jun 21 | 772 | 24 | 65 | 15 |
| 31 Mar 21 | 559 | 19 | 55 | 12 |
| 31 Dec 20 | 454 | 7 | 53 | 12 |
| 30 Sep 20 | 388 | -19 | 60 | 7 |
| 30 Jun 20 | 329 | -23 | 55 | 6 |
| 31 Mar 20 | 350 | -30 | 71 | 8 |
| 31 Dec 19 | 367 | 37 | 65 | 10 |
| 30 Sep 19 | 403 | 46 | 63 | 16 |
| 30 Jun 19 | 484 | 44 | 77 | 17 |
| 31 Mar 19 | 550 | 54 | 68 | 18 |
| 01 Jan 19 | 585 | 8 | 79 | 16 |
| 30 Sep 18 | 583 | 25 | 88 | 10 |
| 30 Jun 18 | 538 | 49 | 72 | 14 |
| 31 Mar 18 | 508 | 66 | 72 | 10 |
| 31 Dec 17 | 467 | 59 | 66 | 9 |
| 30 Sep 17 | 424 | 43 | 63 | 7 |
| 30 Jun 17 | 457 | 25 | 71 | 0 |
| 31 Mar 17 | 478 | 8 | 75 | 0 |
| 31 Dec 16 | 501 | 9 | 83 | 0 |
| 30 Sep 16 | 539 | 1 | 100 | 0 |
| 30 Jun 16 | 555 | 4 | 102 | 0 |
| 31 Mar 16 | 566 | 13 | 106 | 0 |
| 31 Dec 15 | 577 | 15 | 101 | 0 |
| 30 Sep 15 | 706 | 30 | 87 | 0 |
| 30 Jun 15 | 690 | 32 | 90 | 0 |
| 31 Mar 15 | 671 | 28 | 79 | 0 |
| 31 Dec 14 | 647 | 26 | 80 | 0 |
| 30 Sep 14 | 529 | 21 | 82 | 0 |
| 30 Jun 14 | 484 | 20 | 71 | 0 |
| 31 Mar 14 | 450 | 19 | 67 | 0 |
| 31 Dec 13 | 443 | 17 | 69 | 0 |
| 30 Sep 13 | 416 | 12 | 54 | 0 |
| 30 Jun 13 | 405 | 9 | 57 | 0 |
Quality Earnings: 002451 has a large one-off gain of CN¥9.7M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 002451's current net profit margins (1.3%) are higher than last year (1.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002451's earnings have declined by 10.9% per year over the past 5 years.
Accelerating Growth: 002451's earnings growth over the past year (20.6%) exceeds its 5-year average (-10.9% per year).
Earnings vs Industry: 002451 earnings growth over the past year (20.6%) exceeded the Electrical industry 1.1%.
Return on Equity
High ROE: 002451's Return on Equity (1.6%) is considered low.