Guangdong Rifeng Electric Cable Past Earnings Performance
Past criteria checks 5/6
Guangdong Rifeng Electric Cable has been growing earnings at an average annual rate of 0.9%, while the Electrical industry saw earnings growing at 15.4% annually. Revenues have been growing at an average rate of 22.8% per year. Guangdong Rifeng Electric Cable's return on equity is 8.3%, and it has net margins of 4%.
Key information
0.9%
Earnings growth rate
-5.3%
EPS growth rate
| Electrical Industry Growth | 14.0% |
| Revenue growth rate | 22.8% |
| Return on equity | 8.3% |
| Net Margin | 4.0% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Guangdong Rifeng Electric Cable 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 | 3,792 | 151 | 160 | 121 |
| 31 Dec 23 | 3,765 | 146 | 156 | 123 |
| 30 Sep 23 | 3,678 | 104 | 156 | 122 |
| 30 Jun 23 | 3,716 | 98 | 157 | 121 |
| 31 Mar 23 | 3,621 | 84 | 151 | 121 |
| 31 Dec 22 | 3,526 | 84 | 152 | 119 |
| 30 Sep 22 | 3,488 | 96 | 138 | 123 |
| 30 Jun 22 | 3,522 | 110 | 146 | 123 |
| 31 Mar 22 | 3,333 | 117 | 138 | 113 |
| 01 Jan 22 | 3,217 | 127 | 141 | 105 |
| 30 Sep 21 | 2,933 | 145 | 138 | 87 |
| 30 Jun 21 | 2,421 | 134 | 117 | 72 |
| 31 Mar 21 | 2,046 | 129 | 113 | 66 |
| 31 Dec 20 | 1,629 | 105 | 88 | 57 |
| 30 Sep 20 | 1,558 | 104 | 109 | 52 |
| 30 Jun 20 | 1,548 | 104 | 105 | 48 |
| 31 Mar 20 | 1,475 | 104 | 104 | 48 |
| 31 Dec 19 | 1,540 | 108 | 110 | 47 |
| 30 Sep 19 | 1,498 | 110 | 92 | 49 |
| 30 Jun 19 | 1,481 | 119 | 88 | 51 |
| 31 Mar 19 | 1,524 | 117 | 87 | 49 |
| 31 Dec 18 | 1,554 | 116 | 85 | 50 |
| 31 Dec 13 | 812 | 32 | 89 | 0 |
Quality Earnings: 002953 has high quality earnings.
Growing Profit Margin: 002953's current net profit margins (4%) are higher than last year (2.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002953's earnings have grown by 0.9% per year over the past 5 years.
Accelerating Growth: 002953's earnings growth over the past year (79.7%) exceeds its 5-year average (0.9% per year).
Earnings vs Industry: 002953 earnings growth over the past year (79.7%) exceeded the Electrical industry 7.4%.
Return on Equity
High ROE: 002953's Return on Equity (8.3%) is considered low.