HIT Welding IndustryLtd Past Earnings Performance
Past criteria checks 0/6
HIT Welding IndustryLtd's earnings have been declining at an average annual rate of -13.1%, while the Machinery industry saw earnings growing at 7.3% annually. Revenues have been growing at an average rate of 2.6% per year. HIT Welding IndustryLtd's return on equity is 3.3%, and it has net margins of 2.9%.
Key information
-13.1%
Earnings growth rate
-21.8%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 2.6% |
| Return on equity | 3.3% |
| Net Margin | 2.9% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
HIT Welding IndustryLtd's (SZSE:301137) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 01
Be Wary Of HIT Welding IndustryLtd (SZSE:301137) And Its Returns On Capital
Oct 23HIT Welding Industry Co.,Ltd's (SZSE:301137) Shares Climb 30% But Its Business Is Yet to Catch Up
Sep 26HIT Welding IndustryLtd's (SZSE:301137) Dividend Will Be Increased To CN¥0.128
Jun 24Returns On Capital At HIT Welding IndustryLtd (SZSE:301137) Paint A Concerning Picture
Mar 28Revenue & Expenses Breakdown
How HIT Welding IndustryLtd 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 |
|---|---|---|---|---|
| 30 Sep 24 | 1,530 | 44 | 81 | 58 |
| 30 Jun 24 | 1,535 | 52 | 82 | 53 |
| 31 Mar 24 | 1,562 | 59 | 74 | 53 |
| 31 Dec 23 | 1,579 | 58 | 70 | 50 |
| 30 Sep 23 | 1,580 | 63 | 61 | 51 |
| 30 Jun 23 | 1,572 | 47 | 56 | 52 |
| 31 Mar 23 | 1,564 | 43 | 58 | 54 |
| 01 Jan 23 | 1,571 | 46 | 56 | 53 |
| 30 Sep 22 | 1,581 | 36 | 54 | 48 |
| 30 Jun 22 | 1,656 | 55 | 53 | 53 |
| 31 Mar 22 | 1,719 | 67 | 57 | 49 |
| 01 Jan 22 | 1,716 | 77 | 58 | 52 |
| 30 Sep 21 | 1,652 | 79 | 34 | 50 |
| 30 Jun 21 | 1,592 | 90 | 45 | 44 |
| 31 Mar 21 | 1,405 | 82 | 49 | 43 |
| 31 Dec 20 | 1,363 | 79 | 57 | 43 |
| 31 Dec 19 | 1,191 | 70 | 86 | 42 |
| 31 Dec 18 | 1,078 | 67 | 74 | 34 |
| 31 Dec 17 | 869 | 45 | 75 | 29 |
Quality Earnings: 301137 has a large one-off gain of CN¥28.3M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: 301137's current net profit margins (2.9%) are lower than last year (4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301137's earnings have declined by 13.1% per year over the past 5 years.
Accelerating Growth: 301137's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 301137 had negative earnings growth (-30.6%) over the past year, making it difficult to compare to the Machinery industry average (-0.4%).
Return on Equity
High ROE: 301137's Return on Equity (3.3%) is considered low.