Zhejiang Zhengte Past Earnings Performance
Past criteria checks 0/6
Zhejiang Zhengte's earnings have been declining at an average annual rate of -5.6%, while the Consumer Durables industry saw earnings growing at 5% annually. Revenues have been growing at an average rate of 11% per year. Zhejiang Zhengte's return on equity is 1%, and it has net margins of 1.5%.
Key information
-5.6%
Earnings growth rate
-8.3%
EPS growth rate
| Consumer Durables Industry Growth | 8.1% |
| Revenue growth rate | 11.0% |
| Return on equity | 1.0% |
| Net Margin | 1.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Zhejiang Zhengte 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 Dec 23 | 1,091 | 17 | 214 | 45 |
| 30 Sep 23 | 1,156 | 27 | 206 | 49 |
| 30 Jun 23 | 1,220 | 37 | 199 | 52 |
| 31 Mar 23 | 1,301 | 48 | 180 | 51 |
| 31 Dec 22 | 1,382 | 59 | 161 | 49 |
| 30 Sep 22 | 1,416 | 87 | 144 | 48 |
| 30 Jun 22 | 1,449 | 115 | 128 | 46 |
| 31 Mar 22 | 1,344 | 111 | 118 | 43 |
| 01 Jan 22 | 1,240 | 108 | 107 | 41 |
| 31 Dec 20 | 910 | 80 | 92 | 30 |
| 31 Dec 19 | 675 | 42 | 93 | 24 |
| 31 Dec 18 | 704 | 48 | 87 | 23 |
| 31 Dec 15 | 602 | 67 | 92 | 0 |
| 31 Dec 14 | 621 | 19 | 93 | 0 |
| 31 Dec 13 | 567 | 21 | 84 | 0 |
Quality Earnings: 001238 has a large one-off loss of CN¥19.3M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: 001238's current net profit margins (1.5%) are lower than last year (4.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 001238's earnings have declined by 5.6% per year over the past 5 years.
Accelerating Growth: 001238's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 001238 had negative earnings growth (-71.4%) over the past year, making it difficult to compare to the Consumer Durables industry average (14.3%).
Return on Equity
High ROE: 001238's Return on Equity (1%) is considered low.