GRG Banking Equipment Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

March 31, 2025

GRG Banking Equipment (SZSE:002152) Full Year 2024 Results

Key Financial Results

Revenue: CN¥10.9b (up 20% from FY 2023).
Net income: CN¥919.8m (down 5.8% from FY 2023).
Profit margin: 8.5% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.37 (down from CN¥0.39 in FY 2023).

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earnings-and-revenue-growth — SZSE:002152 Earnings and Revenue Growth March 31st 2025

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

GRG Banking Equipment EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China.

Performance of the Chinese Tech industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for GRG Banking Equipment that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.