Wuxi Lead Intelligent EquipmentLTD Third Quarter 2024 Earnings: Misses Expectations

Wuxi Lead Intelligent EquipmentLTD (SZSE:300450) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.36b (down 45% from 3Q 2023).
• Net income: CN¥149.2m (down 87% from 3Q 2023).
• Profit margin: 4.4% (down from 18% in 3Q 2023).
• EPS: CN¥0.095 (down from CN¥0.72 in 3Q 2023).

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

Wuxi Lead Intelligent EquipmentLTD Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 20% 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 5.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Wuxi Lead Intelligent EquipmentLTD (3 are significant!) that you need to be mindful of.

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