Stock Analysis
- China
- /
- Medical Equipment
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- SZSE:300314
Ningbo David Medical Device First Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.17 in 1Q 2023)
Ningbo David Medical Device (SZSE:300314) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥155.3m (down 1.6% from 1Q 2023).
- Net income: CN¥38.1m (down 24% from 1Q 2023).
- Profit margin: 25% (down from 32% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CN¥0.13 (down from CN¥0.17 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ningbo David Medical Device Earnings Insights
Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 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 up 3.8% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ningbo David Medical Device (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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Find out whether Ningbo David Medical Device is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SZSE:300314
Ningbo David Medical Device
Ningbo David Medical Device Co., Ltd. engages in the research and development, production, and distribution of medical equipment in worldwide.
Flawless balance sheet with high growth potential.