Stock Analysis
Sinoseal Holding Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Sinoseal Holding (SZSE:300470) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥387.5m (up 19% from 2Q 2023).
- Net income: CN¥90.5m (up 12% from 2Q 2023).
- Profit margin: 23% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.44 (up from CN¥0.39 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sinoseal Holding Revenues Beat Expectations
Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 13% 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 up 9.1% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Sinoseal Holding that you should be aware of before investing here.
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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.
About SZSE:300470
Sinoseal Holding
Engages in the research and development, manufacture, and sale of mechanical seals and their auxiliary systems in China and internationally.