- China
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- Medical Equipment
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- SHSE:688607
CareRay Digital Medical Technology Second Quarter 2024 Earnings: EPS: CN¥0.093 (vs CN¥0.063 in 2Q 2023)
CareRay Digital Medical Technology (SHSE:688607) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥75.9m (up 25% from 2Q 2023).
- Net income: CN¥6.15m (up 10% from 2Q 2023).
- Profit margin: 8.1% (down from 9.2% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.093 (up from CN¥0.063 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CareRay Digital Medical Technology Earnings Insights
Looking ahead, revenue is forecast to grow 23% 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 9.0% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on CareRay Digital Medical Technology's balance sheet.
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About SHSE:688607
CareRay Digital Medical Technology
CareRay Digital Medical Technology Co., Ltd.
Flawless balance sheet with high growth potential.