- China
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- Medical Equipment
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- SHSE:688338
Beijing Succeeder Technology Second Quarter 2024 Earnings: EPS: CN¥0.30 (vs CN¥0.32 in 2Q 2023)
Beijing Succeeder Technology (SHSE:688338) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥83.2m (up 11% from 2Q 2023).
- Net income: CN¥32.3m (down 4.0% from 2Q 2023).
- Profit margin: 39% (down from 45% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.30 (down from CN¥0.32 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Beijing Succeeder Technology Earnings Insights
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Medical Equipment industry in China.
Performance of the Chinese Medical Equipment industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Beijing Succeeder Technology (including 1 which doesn't sit too well with us).
Valuation is complex, but we're here to simplify it.
Discover if Beijing Succeeder Technology might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SHSE:688338
Beijing Succeeder Technology
Engages in the research and development, manufacture, and sale of in-vitro diagnostic products in China and internationally.
Excellent balance sheet with reasonable growth potential.