Dalian Demaishi Precision Technology (SZSE:301007) has just released its first quarter 2024 financial results, and the company is performing well. Revenue increased by a remarkable 25% compared to the same period last year, reaching CN¥168.8 million. Net income also saw a significant increase of 65%, totaling CN¥13 million. The profit margin improved to 7.7%, up from 5.9% in the previous quarter, due to higher revenue. Earnings per share (EPS) also rose to CN¥0.08 from CN¥0.05 in the same period last year.
Examining Dalian Demaishi Precision Technology’s historical earnings and revenue trends reveals that these figures are for the trailing 12-month period only. However, it is worth noting that the company’s shares have seen an impressive 4.2% increase in value over the past week alone.
While Dalian Demaishi Precision Technology appears to be performing well financially, investors should conduct a thorough risk analysis before investing in this company. This includes analyzing the valuation of the company, looking at fair value estimates, assessing risks such as insider transactions and dividends, and examining financial health metrics like debt-to-equity ratio and return on equity (ROE).
If you have any concerns or feedback about this article, please do not hesitate to contact Simply Wall St directly. It is important to note that this information is based on historical data and analyst forecasts and should not be considered as financial advice. Simply Wall St aims to provide unbiased analysis driven by fundamental data with a long-term perspective in mind, but it may not include recent price-sensitive company announcements or qualitative material, and Simply Wall St does not hold any position in any stocks mentioned.
Dalian Demaishi Precision Technology has reported positive financial results for its first quarter of 2024, with revenue increasing by 25% compared to the same period last year and net income increasing by 65%. The profit margin improved significantly due to higher revenue, while EPS also rose from CN¥0
