Contemporary Amperex Technology Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Contemporary Amperex Technology (SZSE:300750) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥87.0b (down 13% from 2Q 2023).
• Net income: CN¥12.4b (up 13% from 2Q 2023).
• Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥2.81 (up from CN¥2.48 in 2Q 2023).

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

Contemporary Amperex Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Contemporary Amperex Technology that you should be aware of.

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