Dalian Demaishi Precision Technology Reports 25% Increase in Revenue and Improved Profit Margin in Q1 2024
Dalian Demaishi Precision Technology (SZSE:301007) has reported positive financial results for the first quarter of 2024. The company’s revenue increased by a staggering 25% compared to the same period last year, reaching CN¥168.8m. This was accompanied by a significant increase in net income of 65%, totaling CN¥13.0m. The profit margin improved to 7.7%, up from 5.9% in the previous quarter, driven by higher revenue. Additionally, earnings per share (EPS) rose to CN¥0.08 from CN¥0.05 in the same quarter last year.
To gain a better understanding of Dalian Demaishi Precision Technology’s financial performance, it is important to look at its historical earnings and revenue trends, as shown in the chart below.
It is crucial for investors to be aware of the risks associated with investing in Dalian Demaishi Precision Technology before making any investment decisions. By conducting a thorough risk analysis, investors can identify potential warning signs that may impact their investment decisions.
In addition to understanding the risks associated with investing in Dalian Demaishi Precision Technology, investors should also focus on valuation analysis when considering this stock. Comprehensive analyses that include fair value estimates, risks, dividends, insider transactions, and financial health are recommended for investors looking to make informed investment decisions.
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Please note that the information provided is based on historical data and analyst forecasts and should not be considered as financial advice. Simply Wall St aims to offer unbiased analysis driven by fundamental data while taking into account long-term perspectives.
It is essential to keep in mind that this analysis does not include the most recent price-sensitive company announcements or qualitative material, and Simply Wall St does not have a position in any stocks mentioned herein.
