Zhuzhou CRRC Times Electric First Quarter 2024 Earnings: Beats Expectations

Zhuzhou CRRC Times Electric (HKG:3898) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.92b (up 27% from 1Q 2023).
• Net income: CN¥567.5m (up 30% from 1Q 2023).
• Profit margin: 14% (in line with 1Q 2023).
• EPS: CN¥0.40 (up from CN¥0.31 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zhuzhou CRRC Times Electric Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Machinery industry in Hong Kong.

Performance of the Hong Kong Machinery industry.

The company's shares are up 1.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Zhuzhou CRRC Times Electric's balance sheet health.

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