QuantumCTek Second Quarter 2024 Earnings: EPS: CN¥0.076 (vs CN¥0.32 loss in 2Q 2023)

QuantumCTek (SHSE:688027) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥60.1m (up 129% from 2Q 2023).
• Net income: CN¥6.13m (up from CN¥25.7m loss in 2Q 2023).
• Profit margin: 10% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: CN¥0.076 (up from CN¥0.32 loss in 2Q 2023).

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

QuantumCTek Earnings Insights

Looking ahead, revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of QuantumCTek's balance sheet and an in-depth analysis of the company's financial position.

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