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- SZSE:301187
Suzhou Alton Electrical & Mechanical Industry Second Quarter 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.31 in 2Q 2023)
Suzhou Alton Electrical & Mechanical Industry (SZSE:301187) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥413.0m (up 78% from 2Q 2023).
- Net income: CN¥54.3m (up 15% from 2Q 2023).
- Profit margin: 13% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.28.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Suzhou Alton Electrical & Mechanical Industry Earnings Insights
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Durables industry in China.
Performance of the Chinese Consumer Durables industry.
The company's shares are up 2.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Suzhou Alton Electrical & Mechanical Industry (1 can't be ignored!) that we have uncovered.
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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:301187
Suzhou Alton Electrical & Mechanical Industry
Suzhou Alton Electrical & Mechanical Industry Co., Ltd.
Excellent balance sheet with proven track record.