Hangzhou Huaguang Advanced Welding MaterialsLtd First Quarter 2024 Earnings: EPS: CN¥0.09 (vs CN¥0.09 in 1Q 2023)

Hangzhou Huaguang Advanced Welding MaterialsLtd (SHSE:688379) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥360.4m (up 25% from 1Q 2023).
• Net income: CN¥7.69m (down 6.2% from 1Q 2023).
• Profit margin: 2.1% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.09 (in line with 1Q 2023).

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

Hangzhou Huaguang Advanced Welding MaterialsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 19% 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 1.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Hangzhou Huaguang Advanced Welding MaterialsLtd (at least 1 which can't be ignored), and understanding these should be part of your investment process.

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