ShenZhen QiangRui Precision Technology Past Earnings Performance
Past criteria checks 2/6
ShenZhen QiangRui Precision Technology's earnings have been declining at an average annual rate of -1.3%, while the Machinery industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 12.5% per year. ShenZhen QiangRui Precision Technology's return on equity is 6.9%, and it has net margins of 8.3%.
Key information
-1.3%
Earnings growth rate
-22.3%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 12.5% |
| Return on equity | 6.9% |
| Net Margin | 8.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How ShenZhen QiangRui Precision Technology 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 Dec 23 | 674 | 56 | 69 | 71 |
| 30 Sep 23 | 490 | 40 | 56 | 59 |
| 30 Jun 23 | 469 | 39 | 58 | 56 |
| 31 Mar 23 | 481 | 42 | 61 | 53 |
| 31 Dec 22 | 457 | 38 | 62 | 51 |
| 30 Sep 22 | 468 | 54 | 62 | 49 |
| 30 Jun 22 | 436 | 56 | 54 | 46 |
| 31 Mar 22 | 432 | 52 | 51 | 44 |
| 01 Jan 22 | 422 | 55 | 47 | 44 |
| 30 Sep 21 | 409 | 51 | 42 | 40 |
| 30 Jun 21 | 445 | 61 | 46 | 39 |
| 31 Mar 21 | 388 | 56 | 41 | 35 |
| 31 Dec 20 | 420 | 64 | 44 | 35 |
| 31 Dec 19 | 347 | 62 | 43 | 28 |
| 31 Dec 18 | 249 | 27 | 35 | 20 |
| 31 Dec 17 | 123 | 12 | 31 | 9 |
Quality Earnings: 301128 has a high level of non-cash earnings.
Growing Profit Margin: 301128's current net profit margins (8.3%) are lower than last year (8.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301128's earnings have declined by 1.3% per year over the past 5 years.
Accelerating Growth: 301128's earnings growth over the past year (44.8%) exceeds its 5-year average (-1.3% per year).
Earnings vs Industry: 301128 earnings growth over the past year (44.8%) exceeded the Machinery industry 2.3%.
Return on Equity
High ROE: 301128's Return on Equity (6.9%) is considered low.