Ningbo BaoSi Energy Equipment Full Year 2024 Earnings: Misses Expectations

Ningbo BaoSi Energy Equipment (SZSE:300441) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.32b (down 3.9% from FY 2023).
• Net income: CN¥832.3m (up 197% from FY 2023).
• Profit margin: 36% (up from 12% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥1.29 (up from CN¥0.43 in FY 2023).

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

Ningbo BaoSi Energy Equipment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 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 10% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Ningbo BaoSi Energy Equipment (2 shouldn't be ignored!) that we have uncovered.

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