Xingye Leather Technology Second Quarter 2024 Earnings: EPS: CN¥0.077 (vs CN¥0.22 in 2Q 2023)
Xingye Leather Technology (SZSE:002674) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥664.5m (down 9.2% from 2Q 2023).
- Net income: CN¥22.5m (down 65% from 2Q 2023).
- Profit margin: 3.4% (down from 8.8% in 2Q 2023).
- EPS: CN¥0.077 (down from CN¥0.22 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xingye Leather Technology Earnings Insights
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.
Performance of the Chinese Luxury industry.
The company's shares are down 9.0% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Xingye Leather Technology (1 is significant!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SZSE:002674
Excellent balance sheet with reasonable growth potential.
