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Ruijie Networks Second Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.036 in 2Q 2023)
Ruijie Networks (SZSE:301165) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.90b (up 8.1% from 2Q 2023).
- Net income: CN¥151.5m (up by CN¥131.2m from 2Q 2023).
- Profit margin: 5.2% (up from 0.8% in 2Q 2023).
- EPS: CN¥0.26 (up from CN¥0.036 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ruijie Networks Earnings Insights
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China.
Performance of the Chinese Communications industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Ruijie Networks has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
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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:301165
Ruijie Networks
Engages in the research, development, production, and sale of switches, routers, wireless products, and security products in China and internationally.
Reasonable growth potential with adequate balance sheet.