MeiG Smart Technology Past Earnings Performance
Past criteria checks 1/6
MeiG Smart Technology has been growing earnings at an average annual rate of 27.7%, while the Communications industry saw earnings growing at 15.4% annually. Revenues have been growing at an average rate of 21.6% per year. MeiG Smart Technology's return on equity is 4.2%, and it has net margins of 3%.
Key information
27.7%
Earnings growth rate
26.9%
EPS growth rate
| Communications Industry Growth | 12.8% |
| Revenue growth rate | 21.6% |
| Return on equity | 4.2% |
| Net Margin | 3.0% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Analysts Just Shaved Their MeiG Smart Technology Co., Ltd (SZSE:002881) Forecasts Dramatically
May 03
MeiG Smart Technology Co., Ltd (SZSE:002881) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless
Apr 17Is MeiG Smart Technology (SZSE:002881) A Risky Investment?
Mar 25MeiG Smart Technology Co., Ltd (SZSE:002881) Not Flying Under The Radar
Feb 28Revenue & Expenses BreakdownBeta
How MeiG Smart Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,147 | 65 | 139 | 213 |
| 30 Sep 23 | 2,066 | 74 | 126 | 205 |
| 30 Jun 23 | 2,205 | 90 | 127 | 212 |
| 31 Mar 23 | 2,348 | 121 | 118 | 204 |
| 31 Dec 22 | 2,306 | 128 | 108 | 184 |
| 30 Sep 22 | 2,448 | 161 | 107 | 187 |
| 30 Jun 22 | 2,392 | 157 | 119 | 188 |
| 31 Mar 22 | 2,110 | 127 | 121 | 177 |
| 01 Jan 22 | 1,969 | 118 | 116 | 167 |
| 30 Sep 21 | 1,753 | 95 | 110 | 172 |
| 30 Jun 21 | 1,388 | 61 | 88 | 145 |
| 31 Mar 21 | 1,251 | 39 | 88 | 142 |
| 31 Dec 20 | 1,121 | 27 | 84 | 140 |
| 30 Sep 20 | 999 | 21 | 93 | 99 |
| 30 Jun 20 | 968 | 26 | 91 | 89 |
| 31 Mar 20 | 875 | 22 | 72 | 77 |
| 31 Dec 19 | 933 | 24 | 72 | 84 |
| 30 Sep 19 | 1,007 | 33 | 63 | 77 |
| 30 Jun 19 | 1,104 | 41 | 58 | 73 |
| 31 Mar 19 | 1,055 | 42 | 55 | 61 |
| 31 Dec 18 | 990 | 47 | 53 | 53 |
| 30 Sep 18 | 806 | 60 | 45 | 51 |
| 30 Jun 18 | 679 | 58 | 22 | 69 |
| 31 Mar 18 | 659 | 60 | 35 | 57 |
| 31 Dec 17 | 642 | 56 | 47 | 44 |
| 30 Sep 17 | 593 | 51 | 38 | 38 |
| 30 Jun 17 | 517 | 49 | 66 | 0 |
| 31 Mar 17 | 483 | 49 | 56 | 0 |
| 31 Dec 16 | 480 | 47 | 52 | 0 |
| 31 Dec 15 | 389 | 32 | 45 | 0 |
| 31 Dec 14 | 303 | 25 | 39 | 0 |
Quality Earnings: 002881 has a large one-off gain of CN¥35.4M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: 002881's current net profit margins (3%) are lower than last year (5.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002881's earnings have grown significantly by 27.7% per year over the past 5 years.
Accelerating Growth: 002881's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002881 had negative earnings growth (-49.5%) over the past year, making it difficult to compare to the Communications industry average (-14.6%).
Return on Equity
High ROE: 002881's Return on Equity (4.2%) is considered low.