- China
- /
- Electronic Equipment and Components
- /
- SZSE:300130
XGD Second Quarter 2024 Earnings: EPS: CN¥0.41 (vs CN¥0.39 in 2Q 2023)
XGD (SZSE:300130) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥794.6m (down 16% from 2Q 2023).
- Net income: CN¥228.0m (up 14% from 2Q 2023).
- Profit margin: 29% (up from 21% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.41 (up from CN¥0.39 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
XGD Earnings Insights
Looking ahead, revenue is forecast to grow 20% 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 share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for XGD that you need to take into consideration.
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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.
About SZSE:300130
XGD
Researches, develops, manufactures, sells, and services payment terminals in China and internationally.
Flawless balance sheet with solid track record and pays a dividend.