Dajin Heavy IndustryLtd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 01, 2024

Dajin Heavy IndustryLtd (SZSE:002487) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥950.1m (down 25% from 3Q 2023).
Net income: CN¥108.1m (down 20% from 3Q 2023).
Profit margin: 11% (in line with 3Q 2023).
EPS: CN¥0.17 (down from CN¥0.21 in 3Q 2023).

earnings-and-revenue-growth — SZSE:002487 Earnings and Revenue Growth November 1st 2024

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

Dajin Heavy IndustryLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 47%. Earnings per share (EPS) also missed analyst estimates by 51%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Be aware that Dajin Heavy IndustryLtd is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.