Zhejiang Xinao Textiles Past Earnings Performance
Past criteria checks 3/6
Zhejiang Xinao Textiles has been growing earnings at an average annual rate of 24.7%, while the Luxury industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 15.4% per year. Zhejiang Xinao Textiles's return on equity is 12.9%, and it has net margins of 8.8%.
Key information
24.7%
Earnings growth rate
24.4%
EPS growth rate
| Luxury Industry Growth | 2.8% |
| Revenue growth rate | 15.4% |
| Return on equity | 12.9% |
| Net Margin | 8.8% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Zhejiang Xinao Textiles' (SHSE:603889) Solid Earnings May Rest On Weak Foundations
Oct 28
Are Investors Undervaluing Zhejiang Xinao Textiles Inc. (SHSE:603889) By 43%?
Oct 15Zhejiang Xinao Textiles Inc.'s (SHSE:603889) Price Is Right But Growth Is Lacking
Sep 30CN¥8.85: That's What Analysts Think Zhejiang Xinao Textiles Inc. (SHSE:603889) Is Worth After Its Latest Results
Apr 21Is Zhejiang Xinao Textiles Inc. (SHSE:603889) Trading At A 32% Discount?
Apr 18Revenue & Expenses Breakdown
How Zhejiang Xinao Textiles 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 |
|---|---|---|---|---|
| 30 Sep 24 | 4,799 | 423 | 240 | 115 |
| 30 Jun 24 | 4,674 | 416 | 232 | 116 |
| 31 Mar 24 | 4,560 | 410 | 227 | 115 |
| 31 Dec 23 | 4,438 | 404 | 221 | 111 |
| 30 Sep 23 | 4,336 | 403 | 225 | 110 |
| 30 Jun 23 | 4,151 | 402 | 218 | 114 |
| 31 Mar 23 | 4,034 | 406 | 210 | 108 |
| 31 Dec 22 | 3,950 | 390 | 199 | 107 |
| 30 Sep 22 | 3,865 | 380 | 198 | 102 |
| 30 Jun 22 | 3,805 | 368 | 182 | 92 |
| 31 Mar 22 | 3,702 | 322 | 175 | 99 |
| 31 Dec 21 | 3,445 | 298 | 171 | 96 |
| 30 Sep 21 | 3,259 | 305 | 128 | 89 |
| 30 Jun 21 | 2,956 | 233 | 141 | 84 |
| 31 Mar 21 | 2,422 | 137 | 132 | 73 |
| 31 Dec 20 | 2,273 | 151 | 124 | 72 |
| 30 Sep 20 | 2,221 | 104 | 147 | 76 |
| 30 Jun 20 | 2,212 | 102 | 137 | 79 |
| 31 Mar 20 | 2,481 | 159 | 134 | 79 |
| 31 Dec 19 | 2,710 | 143 | 140 | 82 |
| 30 Sep 19 | 2,762 | 175 | 147 | 86 |
| 30 Jun 19 | 2,764 | 214 | 141 | 83 |
| 31 Mar 19 | 2,763 | 213 | 148 | 79 |
| 31 Dec 18 | 2,566 | 199 | 141 | 72 |
| 30 Sep 18 | 2,485 | 215 | 135 | 73 |
| 30 Jun 18 | 2,497 | 213 | 109 | 96 |
| 31 Mar 18 | 2,375 | 206 | 124 | 77 |
| 31 Dec 17 | 2,312 | 207 | 127 | 64 |
| 30 Sep 17 | 2,215 | 177 | 133 | 41 |
| 30 Jun 17 | 2,053 | 173 | 173 | 0 |
| 31 Mar 17 | 1,919 | 165 | 165 | 0 |
| 31 Dec 16 | 1,835 | 159 | 166 | 0 |
| 30 Sep 16 | 1,783 | 160 | 163 | 0 |
| 30 Jun 16 | 1,703 | 148 | 154 | 0 |
| 31 Mar 16 | 1,656 | 137 | 149 | 0 |
| 31 Dec 15 | 1,621 | 132 | 144 | 0 |
| 30 Sep 15 | 1,596 | 131 | 132 | 0 |
| 30 Jun 15 | 1,565 | 129 | 130 | 0 |
| 31 Mar 15 | 1,519 | 124 | 125 | 0 |
| 31 Dec 14 | 1,532 | 114 | 120 | 0 |
| 30 Sep 14 | 1,474 | 107 | 120 | 0 |
| 31 Dec 13 | 1,429 | 97 | 118 | 0 |
Quality Earnings: 603889 has high quality earnings.
Growing Profit Margin: 603889's current net profit margins (8.8%) are lower than last year (9.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603889's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: 603889's earnings growth over the past year (5%) is below its 5-year average (24.7% per year).
Earnings vs Industry: 603889 earnings growth over the past year (5%) exceeded the Luxury industry 3.3%.
Return on Equity
High ROE: 603889's Return on Equity (12.9%) is considered low.