Zhuzhou CRRC Times Electric Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Zhuzhou CRRC Times Electric (HKG:3898) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥24.9b (up 13% from FY 2023).
• Net income: CN¥3.70b (up 22% from FY 2023).
• Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥2.62 (up from CN¥2.15 in FY 2023).

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

Zhuzhou CRRC Times Electric EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 14% 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 down 3.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Zhuzhou CRRC Times Electric that you should be aware of.

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