Stock Analysis
- China
- /
- Medical Equipment
- /
- SZSE:300003
Lepu Medical Technology (Beijing) Second Quarter 2024 Earnings: Misses Expectations
Lepu Medical Technology (Beijing) (SZSE:300003) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.46b (down 22% from 2Q 2023).
- Net income: CN¥215.4m (down 41% from 2Q 2023).
- Profit margin: 15% (down from 20% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.12 (down from CN¥0.20 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lepu Medical Technology (Beijing) Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 56%.
Looking ahead, revenue is forecast to grow 18% 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 8.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Lepu Medical Technology (Beijing) that we have uncovered.
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About SZSE:300003
Lepu Medical Technology (Beijing)
Lepu Medical Technology (Beijing) Co., Ltd.