Lonking Holdings (HKG:3339) First Half 2024 Results
Key Financial Results
- Revenue: CN¥5.36b (down 6.4% from 1H 2023).
- Net income: CN¥458.4m (up 49% from 1H 2023).
- Profit margin: 8.6% (up from 5.4% in 1H 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.11 (up from CN¥0.072 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lonking Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 57%.
Looking ahead, revenue is forecast to grow 7.6% 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 12% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Lonking Holdings that you should be aware of.
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