Stock Analysis
- China
- /
- Electrical
- /
- SZSE:301226
Changzhou Xiangming Intelligent Drive System First Quarter 2024 Earnings: EPS: CN¥0.06 (vs CN¥0.14 in 1Q 2023)
Changzhou Xiangming Intelligent Drive System (SZSE:301226) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥110.2m (down 28% from 1Q 2023).
- Net income: CN¥6.34m (down 60% from 1Q 2023).
- Profit margin: 5.8% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.06 (down from CN¥0.14 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Changzhou Xiangming Intelligent Drive System Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China.
Performance of the Chinese Electrical industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Changzhou Xiangming Intelligent Drive System (including 1 which doesn't sit too well with us).
Valuation is complex, but we're helping make it simple.
Find out whether Changzhou Xiangming Intelligent Drive System is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SZSE:301226
Changzhou Xiangming Intelligent Drive System
Changzhou Xiangming Intelligent Drive System Corporation engages in the research and development, production, and sale of micro motors, fans, and intelligent components in China.
Flawless balance sheet unattractive dividend payer.