Ningbo Dechang Electrical Machinery Made Second Quarter 2024 Earnings: EPS: CN¥0.32 (vs CN¥0.34 in 2Q 2023)

Ningbo Dechang Electrical Machinery Made (SHSE:605555) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.04b (up 33% from 2Q 2023).
• Net income: CN¥121.1m (down 6.3% from 2Q 2023).
• Profit margin: 12% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.32 (down from CN¥0.34 in 2Q 2023).

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

Ningbo Dechang Electrical Machinery Made Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are down 5.7% from a week ago.

Valuation

Our analysis of Ningbo Dechang Electrical Machinery Made based on 6 different valuation metrics shows it might be undervalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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