Kingclean ElectricLtd Second Quarter 2024 Earnings: EPS: CN¥0.58 (vs CN¥0.68 in 2Q 2023)

Kingclean ElectricLtd (SHSE:603355) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.44b (up 34% from 2Q 2023).
• Net income: CN¥330.7m (down 15% from 2Q 2023).
• Profit margin: 14% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.58 (down from CN¥0.68 in 2Q 2023).

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

Kingclean ElectricLtd Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 7.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Kingclean ElectricLtd's balance sheet and an in-depth analysis of the company's financial position.

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