Weichai Power Second Quarter 2024 Earnings: EPS: CN¥0.38 (vs CN¥0.24 in 2Q 2023)
Weichai Power (HKG:2338) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥56.1b (up 6.5% from 2Q 2023).
- Net income: CN¥3.30b (up 62% from 2Q 2023).
- Profit margin: 5.9% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.38 (up from CN¥0.24 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Weichai Power Earnings Insights
Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong.
Performance of the Hong Kong Machinery industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Weichai Power you should be aware of.
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About SEHK:2338
Weichai Power
Engages in the manufacture and sale of diesel engines, automobiles, and other automobile components in China and internationally.
Flawless balance sheet, good value and pays a dividend.