Shenzhen Envicool Technology Second Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.085 in 2Q 2023)

Shenzhen Envicool Technology (SZSE:002837) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥966.9m (up 36% from 2Q 2023).
• Net income: CN¥121.5m (up 82% from 2Q 2023).
• Profit margin: 13% (up from 9.4% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.17 (up from CN¥0.085 in 2Q 2023).

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

Shenzhen Envicool Technology Earnings Insights

Looking ahead, revenue is forecast to grow 22% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Shenzhen Envicool Technology's balance sheet and an in-depth analysis of the company's financial position.

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