Chongqing Mas Sci.&Tech.Co.Ltd Second Quarter 2024 Earnings: EPS: CN¥0.066 (vs CN¥0.064 in 2Q 2023)

Chongqing Mas Sci.&Tech.Co.Ltd (SZSE:300275) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥139.8m (up 17% from 2Q 2023).
• Net income: CN¥19.8m (up 3.1% from 2Q 2023).
• Profit margin: 14% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.066 (up from CN¥0.064 in 2Q 2023).

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

Chongqing Mas Sci.&Tech.Co.Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 23% 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 down 1.4% 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 Chongqing Mas Sci.&Tech.Co.Ltd's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.