Hangzhou DPtech TechnologiesLtd Second Quarter 2024 Earnings: EPS: CN¥0.022 (vs CN¥0.01 in 2Q 2023)

Hangzhou DPtech TechnologiesLtd (SZSE:300768) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥247.8m (up 17% from 2Q 2023).
• Net income: CN¥15.4m (up 127% from 2Q 2023).
• Profit margin: 6.2% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.022 (up from CN¥0.01 in 2Q 2023).

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

Hangzhou DPtech TechnologiesLtd Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are up 1.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Hangzhou DPtech TechnologiesLtd's balance sheet.

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