INESA Intelligent Tech Second Quarter 2024 Earnings: EPS: CN¥0.039 (vs CN¥0.038 in 2Q 2023)

INESA Intelligent Tech (SHSE:600602) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.46b (up 5.4% from 2Q 2023).
• Net income: CN¥53.0m (up 3.6% from 2Q 2023).
• Profit margin: 3.6% (down from 3.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.039 (up from CN¥0.038 in 2Q 2023).

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

INESA Intelligent Tech Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are down 4.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on INESA Intelligent Tech's balance sheet.

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