Tongyu Heavy Industry First Quarter 2024 Earnings: EPS: CN¥0.003 (vs CN¥0.02 in 1Q 2023)

Tongyu Heavy Industry (SZSE:300185) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.40b (down 2.1% from 1Q 2023).
• Net income: CN¥10.5m (down 88% from 1Q 2023).
• Profit margin: 0.8% (down from 6.0% in 1Q 2023).
• EPS: CN¥0.003 (down from CN¥0.02 in 1Q 2023).

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

Tongyu Heavy Industry Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Tongyu Heavy Industry (1 is a bit unpleasant!) that we have uncovered.

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