Qian Jiang Water Resources DevelopmentLtd Past Earnings Performance
Past criteria checks 2/6
Qian Jiang Water Resources DevelopmentLtd has been growing earnings at an average annual rate of 28.9%, while the Water Utilities industry saw earnings growing at 1.7% annually. Revenues have been growing at an average rate of 15.3% per year. Qian Jiang Water Resources DevelopmentLtd's return on equity is 8.3%, and it has net margins of 7.7%.
Key information
28.9%
Earnings growth rate
29.0%
EPS growth rate
| Water Utilities Industry Growth | 7.5% |
| Revenue growth rate | 15.3% |
| Return on equity | 8.3% |
| Net Margin | 7.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Qian Jiang Water Resources DevelopmentLtd 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 Mar 24 | 2,275 | 176 | 369 | 15 |
| 31 Dec 23 | 2,222 | 206 | 362 | 11 |
| 30 Sep 23 | 2,046 | 206 | 347 | 10 |
| 30 Jun 23 | 1,949 | 189 | 335 | 8 |
| 31 Mar 23 | 1,912 | 189 | 322 | 7 |
| 31 Dec 22 | 1,827 | 172 | 320 | 6 |
| 30 Sep 22 | 1,708 | 131 | 299 | 0 |
| 30 Jun 22 | 1,631 | 140 | 293 | 2 |
| 31 Mar 22 | 1,601 | 144 | 294 | 3 |
| 31 Dec 21 | 1,539 | 151 | 285 | 5 |
| 30 Sep 21 | 1,485 | 196 | 283 | 6 |
| 30 Jun 21 | 1,432 | 187 | 276 | 6 |
| 31 Mar 21 | 1,348 | 165 | 259 | 7 |
| 31 Dec 20 | 1,315 | 139 | 253 | 7 |
| 30 Sep 20 | 1,237 | 115 | 253 | 10 |
| 30 Jun 20 | 1,208 | 104 | 248 | 8 |
| 31 Mar 20 | 1,191 | 41 | 249 | 5 |
| 01 Jan 20 | 1,175 | 43 | 247 | 4 |
| 30 Sep 19 | 1,139 | -14 | 244 | 0 |
| 30 Jun 19 | 1,117 | -17 | 226 | 0 |
| 31 Mar 19 | 1,072 | 43 | 221 | 0 |
| 31 Dec 18 | 1,068 | 58 | 225 | 0 |
| 30 Sep 18 | 1,043 | 101 | 524 | 0 |
| 30 Jun 18 | 1,046 | 101 | 225 | 0 |
| 31 Mar 18 | 1,025 | 97 | 525 | 0 |
| 31 Dec 17 | 981 | 73 | 516 | 0 |
| 30 Sep 17 | 946 | 197 | 226 | 0 |
| 30 Jun 17 | 873 | -11 | 530 | 0 |
| 31 Mar 17 | 833 | -44 | 224 | 0 |
| 31 Dec 16 | 815 | -46 | 226 | 0 |
| 30 Sep 16 | 826 | -181 | 209 | 0 |
| 30 Jun 16 | 821 | 9 | 209 | 0 |
| 31 Mar 16 | 814 | 42 | 202 | 0 |
| 31 Dec 15 | 804 | 41 | 199 | 0 |
| 30 Sep 15 | 794 | 49 | 189 | 0 |
| 30 Jun 15 | 776 | 36 | 186 | 0 |
| 31 Mar 15 | 823 | 18 | 184 | 0 |
| 31 Dec 14 | 803 | 18 | 176 | 0 |
| 30 Sep 14 | 794 | 21 | 180 | 0 |
| 30 Jun 14 | 794 | 19 | 173 | 0 |
| 31 Mar 14 | 746 | 17 | 173 | 0 |
| 31 Dec 13 | 734 | 19 | 172 | 0 |
| 30 Sep 13 | 706 | 15 | 171 | 0 |
| 30 Jun 13 | 681 | 18 | 171 | 0 |
Quality Earnings: 600283 has high quality earnings.
Growing Profit Margin: 600283's current net profit margins (7.7%) are lower than last year (9.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 600283's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: 600283's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600283 had negative earnings growth (-7%) over the past year, making it difficult to compare to the Water Utilities industry average (2.8%).
Return on Equity
High ROE: 600283's Return on Equity (8.3%) is considered low.