Shenzhen Sinexcel ElectricLtd Full Year 2024 Earnings: Misses Expectations

Shenzhen Sinexcel ElectricLtd (SZSE:300693) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥3.04b (up 15% from FY 2023).
• Net income: CN¥425.8m (up 5.7% from FY 2023).
• Profit margin: 14% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.37 (up from CN¥1.31 in FY 2023).

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

Shenzhen Sinexcel ElectricLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 19% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Shenzhen Sinexcel ElectricLtd that we have uncovered.

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