Qijing Machinery Full Year 2024 Earnings: EPS: CN¥0.35 (vs CN¥0.36 in FY 2023)
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Qijing Machinery (SHSE:603677) reported its Full Year 2024 results, with revenue of CN¥2.00 billion, a 13% increase from FY 2023. However, net income fell by 2.5% to CN¥67.4 million, and EPS decreased to CN¥0.35 from CN¥0.36. The profit margin also declined to 3.4% due to higher expenses. Despite these challenges, Qijing Machinery's shares rose 32% over the past week. Investors should be aware of three warning signs regarding the company's performance.
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