Zhejiang Meida Industrial Co., Ltd.

SZSE:002677 Stock Report

Market Cap: CN¥5.0b

Zhejiang Meida Industrial Past Earnings Performance

Past criteria checks 1/6

Zhejiang Meida Industrial's earnings have been declining at an average annual rate of -5.4%, while the Consumer Durables industry saw earnings growing at 8.1% annually. Revenues have been declining at an average rate of 2.7% per year. Zhejiang Meida Industrial's return on equity is 12.5%, and it has net margins of 19.5%.

Key information

-5.4%

Earnings growth rate

-5.4%

EPS growth rate

Consumer Durables Industry Growth8.1%
Revenue growth rate-2.7%
Return on equity12.5%
Net Margin19.5%
Last Earnings Update30 Sep 2024

Recent past performance updates

Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 04
Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems

Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Apr 25
Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Recent updates

Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 04
Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems

There's No Escaping Zhejiang Meida Industrial Co., Ltd.'s (SZSE:002677) Muted Earnings

Oct 14
There's No Escaping Zhejiang Meida Industrial Co., Ltd.'s (SZSE:002677) Muted Earnings

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Shares Could Be 48% Below Their Intrinsic Value Estimate

Sep 26
Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Shares Could Be 48% Below Their Intrinsic Value Estimate

The Consensus EPS Estimates For Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Just Fell Dramatically

Sep 08
The Consensus EPS Estimates For Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Just Fell Dramatically

Here's What's Concerning About Zhejiang Meida Industrial's (SZSE:002677) Returns On Capital

Jul 16
Here's What's Concerning About Zhejiang Meida Industrial's (SZSE:002677) Returns On Capital

Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

May 23
Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Apr 25
Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be

Apr 23
Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be

Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong

Apr 04
Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong

Revenue & Expenses Breakdown

How Zhejiang Meida Industrial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SZSE:002677 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241,06520725142
30 Jun 241,35934424149
31 Mar 241,60744124956
31 Dec 231,67346425458
30 Sep 231,69844326660
30 Jun 231,77444027961
31 Mar 231,75943125958
01 Jan 231,83445228761
30 Sep 222,02858624863
30 Jun 222,08764125565
31 Mar 222,20868631869
01 Jan 222,16466531268
30 Sep 212,12865931667
30 Jun 212,03462730664
31 Mar 212,02762429562
31 Dec 201,77154426154
30 Sep 201,71949129850
30 Jun 201,62644829746
31 Mar 201,50740528847
31 Dec 191,68446032251
30 Sep 191,61043528052
30 Jun 191,54341427550
31 Mar 191,47039125144
31 Dec 181,40137823241
30 Sep 181,30537220735
30 Jun 181,21635218849
31 Mar 181,10332618840
31 Dec 171,02630518033
30 Sep 1789526017723
30 Jun 178002361690
31 Mar 177152151470
31 Dec 166662031330
30 Sep 166211871320
30 Jun 165681671300
31 Mar 165321591200
31 Dec 155181561230
30 Sep 155011471230
30 Jun 154871441300
31 Mar 154731401270
31 Dec 144701381270
30 Sep 144511351170
30 Jun 144061151120
31 Mar 143931101120
31 Dec 133911081090

Quality Earnings: 002677 has high quality earnings.

Growing Profit Margin: 002677's current net profit margins (19.5%) are lower than last year (26.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 002677's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: 002677's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002677 had negative earnings growth (-53.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (-0.2%).

Return on Equity

High ROE: 002677's Return on Equity (12.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 21:56
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zhejiang Meida Industrial Co., Ltd. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hongwei HuangChasing Securities
Wei HeChina International Capital Corporation Limited
Dongfei ChenChina Merchants Securities Co. Ltd.