Shenzhen Minglida Precision Technology Third Quarter 2024 Earnings: EPS: CN¥0.003 (vs CN¥0.24 in 3Q 2023)

Shenzhen Minglida Precision Technology (SZSE:301268) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥779.3m (down 27% from 3Q 2023).
• Net income: CN¥981.6k (down 99% from 3Q 2023).
• Profit margin: 0.1% (down from 9.1% in 3Q 2023).
• EPS: CN¥0.003 (down from CN¥0.24 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shenzhen Minglida Precision Technology Earnings Insights

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 3.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Shenzhen Minglida Precision Technology's balance sheet and an in-depth analysis of the company's financial position.

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