Western Superconducting Technologies First Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.32 in 1Q 2023)

Western Superconducting Technologies (SHSE:688122) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥793.6m (down 14% from 1Q 2023).
• Net income: CN¥110.5m (down 47% from 1Q 2023).
• Profit margin: 14% (down from 23% in 1Q 2023).
• EPS: CN¥0.17 (down from CN¥0.32 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Western Superconducting Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Western Superconducting Technologies that you need to be mindful of.

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