Stock Analysis
Naipu Mining Machinery First Quarter 2024 Earnings: EPS: CN¥0.37 (vs CN¥0.12 loss in 1Q 2023)
Naipu Mining Machinery (SZSE:300818) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥248.1m (up 47% from 1Q 2023).
- Net income: CN¥39.2m (up from CN¥12.9m loss in 1Q 2023).
- Profit margin: 16% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
- EPS: CN¥0.37 (up from CN¥0.12 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Naipu Mining Machinery Earnings Insights
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.
Performance of the Chinese Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Naipu Mining Machinery that you should be aware of.
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About SZSE:300818
Naipu Mining Machinery
Naipu Mining Machinery Co., Ltd. develops, manufactures, distributes, and services heavy-duty mine dressing equipment and wear-resistant spare parts in China.
High growth potential with solid track record.