Zhejiang Jingko Integrated Technology (SZSE:002006) 2024 Q2 Results
Key Financial Results
Revenue: CNY 416.3 million (down 5.3% from Q2 2023). Net profit: CNY 40 million (down 19% from Q2 2023). Margin: 9.6% (down from 11% in Q2 2023). EPS: CNY 0.09 (down from CNY 0.10 in Q2 2023). SZSE:002006 Revenue and Revenue History 11 Aug 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Zhejiang Jinggong Integrated Technology's sales and profits fall short of expectations
Revenues came in 59% below analyst expectations. Earnings per share (EPS) also came in 62% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 32% over the next three years, while China's machinery industry is expected to grow by 16%.
Performance of China's machinery industry.
The company's shares are little changed from a week ago.
Risk Analysis
We've spotted 2 warning signs for Zhejiang Jinggong Integration Technology that you should be aware of.
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