Accelink Technologies CoLtd Second Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.19 in 2Q 2023)

Accelink Technologies CoLtd (SZSE:002281) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.82b (up 18% from 2Q 2023).
• Net income: CN¥131.3m (down 4.0% from 2Q 2023).
• Profit margin: 7.2% (down from 8.8% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.17 (down from CN¥0.19 in 2Q 2023).

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

Accelink Technologies CoLtd Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Accelink Technologies CoLtd has 1 warning sign we think you should be aware of.

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