Luoyang Xinqianglian Slewing Bearing Past Earnings Performance
Past criteria checks 4/6
Luoyang Xinqianglian Slewing Bearing has been growing earnings at an average annual rate of 5.6%, while the Machinery industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 2.5% per year. Luoyang Xinqianglian Slewing Bearing's return on equity is 5.7%, and it has net margins of 10.1%.
Key information
5.6%
Earnings growth rate
-1.0%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 2.5% |
| Return on equity | 5.7% |
| Net Margin | 10.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Luoyang Xinqianglian Slewing Bearing makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,764 | 279 | 184 | 120 |
| 31 Dec 23 | 2,824 | 375 | 184 | 140 |
| 30 Sep 23 | 2,793 | 322 | 182 | 131 |
| 30 Jun 23 | 2,606 | 174 | 186 | 139 |
| 31 Mar 23 | 2,516 | 263 | 110 | 132 |
| 01 Jan 23 | 2,653 | 316 | 124 | 129 |
| 30 Sep 22 | 2,530 | 448 | 61 | 118 |
| 30 Jun 22 | 2,479 | 581 | 60 | 108 |
| 31 Mar 22 | 2,559 | 539 | 92 | 113 |
| 01 Jan 22 | 2,477 | 514 | 82 | 106 |
| 30 Sep 21 | 2,653 | 566 | 64 | 110 |
| 30 Jun 21 | 2,783 | 500 | 77 | 118 |
| 31 Mar 21 | 2,481 | 470 | 70 | 109 |
| 31 Dec 20 | 2,064 | 425 | 55 | 96 |
| 30 Sep 20 | 1,532 | 302 | 74 | 75 |
| 30 Jun 20 | 909 | 169 | 38 | 48 |
| 31 Mar 20 | 650 | 112 | 31 | 33 |
| 31 Dec 19 | 643 | 100 | 35 | 30 |
| 31 Dec 18 | 457 | 57 | 26 | 21 |
| 31 Dec 17 | 371 | 41 | 25 | 25 |
| 31 Dec 16 | 355 | 43 | 25 | 24 |
Quality Earnings: 300850 has high quality earnings.
Growing Profit Margin: 300850's current net profit margins (10.1%) are lower than last year (10.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 300850's earnings have grown by 5.6% per year over the past 5 years.
Accelerating Growth: 300850's earnings growth over the past year (6.1%) exceeds its 5-year average (5.6% per year).
Earnings vs Industry: 300850 earnings growth over the past year (6.1%) exceeded the Machinery industry 2.3%.
Return on Equity
High ROE: 300850's Return on Equity (5.7%) is considered low.