GKG Precision Machine Second Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.22 in 2Q 2023)

GKG Precision Machine (SZSE:301338) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥204.9m (up 13% from 2Q 2023).
• Net income: CN¥16.7m (down 29% from 2Q 2023).
• Profit margin: 8.2% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.16 (down from CN¥0.22 in 2Q 2023).

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

GKG Precision Machine Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for GKG Precision Machine (1 shouldn't be ignored!) that you should be aware of before investing here.

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