Zhejiang FORE Intelligent TechnologyLtd Past Earnings Performance
Past criteria checks 0/6
Zhejiang FORE Intelligent TechnologyLtd's earnings have been declining at an average annual rate of -20.3%, while the Machinery industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 16.7% per year. Zhejiang FORE Intelligent TechnologyLtd's return on equity is 2.1%, and it has net margins of 4.7%.
Key information
-20.3%
Earnings growth rate
-25.5%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 16.7% |
| Return on equity | 2.1% |
| Net Margin | 4.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Zhejiang FORE Intelligent TechnologyLtd's (SZSE:301368) Problems Go Beyond Weak Profit
Apr 29
Zhejiang FORE Intelligent TechnologyLtd (SZSE:301368) Will Be Hoping To Turn Its Returns On Capital Around
Mar 25Zhejiang FORE Intelligent Technology Co.,Ltd's (SZSE:301368) 45% Share Price Surge Not Quite Adding Up
Feb 27Revenue & Expenses BreakdownBeta
How Zhejiang FORE Intelligent TechnologyLtd 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 Mar 24 | 444 | 21 | 37 | 17 |
| 31 Dec 23 | 429 | 24 | 38 | 17 |
| 30 Sep 23 | 395 | 32 | 37 | 15 |
| 30 Jun 23 | 387 | 39 | 31 | 16 |
| 31 Mar 23 | 381 | 40 | 27 | 15 |
| 01 Jan 23 | 429 | 45 | 23 | 16 |
| 30 Sep 22 | 510 | 60 | 19 | 18 |
| 01 Jan 22 | 568 | 61 | 25 | 18 |
| 31 Dec 20 | 376 | 48 | 23 | 13 |
| 31 Dec 19 | 306 | 62 | 23 | 11 |
| 31 Dec 18 | 285 | 30 | 28 | 11 |
Quality Earnings: 301368 has a high level of non-cash earnings.
Growing Profit Margin: 301368's current net profit margins (4.7%) are lower than last year (10.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301368's earnings have declined by 20.3% per year over the past 5 years.
Accelerating Growth: 301368's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 301368 had negative earnings growth (-47.9%) over the past year, making it difficult to compare to the Machinery industry average (2.6%).
Return on Equity
High ROE: 301368's Return on Equity (2.1%) is considered low.