Bichamp Cutting Technology (Hunan) First Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.17 in 1Q 2023)
Bichamp Cutting Technology (Hunan) (SZSE:002843) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥430.9m (down 3.5% from 1Q 2023).
- Net income: CN¥27.2m (down 26% from 1Q 2023).
- Profit margin: 6.3% (down from 8.2% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.11 (down from CN¥0.17 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bichamp Cutting Technology (Hunan) Earnings Insights
Looking ahead, revenue is forecast to grow 21% 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 18% from a week ago.
Risk Analysis
Be aware that Bichamp Cutting Technology (Hunan) is showing 4 warning signs in our investment analysis that you should know about...
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Discover if Bichamp Cutting Technology (Hunan) might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SZSE:002843
Bichamp Cutting Technology (Hunan)
Bichamp Cutting Technology (Hunan) Co., Ltd.
Excellent balance sheet with reasonable growth potential.