WORLD PRECISION MACHINERY Reports Q2 Earnings Results for Fiscal Year 2023
August 15, 2023
🌥️Earnings Overview
On August 11, 2023, WORLD PRECISION MACHINERY ($SGX:B49) announced their Q2 earnings results for the fiscal year 2023. Revenue for the quarter was CNY 276.9 million, a 9.2% decrease compared to the same period in the previous year. Net income was CNY 23.4 million, a sharp increase from the CNY 4.4 million reported in the same quarter of the prior year.
Price History
The stock opened at SG$0.4 and closed at the same price, indicating a flat performance on the day. This reduction in energy consumption was achieved without sacrificing quality or efficiency, further demonstrating the company’s commitment to environmental sustainability. Overall, the company’s financial and operational performance in the second quarter of Fiscal Year 2023 was strong, indicating that WORLD PRECISION MACHINERY is continuing to grow and expand its business. Investors will be watching closely to see if the company can maintain this momentum in the coming quarters and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for B49. More…
| Total Revenues | Net Income | Net Margin |
| 1.11k | 42.24 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for B49. More…
| Operations | Investing | Financing |
| 141.78 | 95.2 | 146.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for B49. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.23k | 1.01k | 3.04 |
Key Ratios Snapshot
Some of the financial key ratios for B49 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 98.9% | 4.5% |
| FCF Margin | ROE | ROA |
| 5.8% | 2.6% | 1.4% |
Analysis
At GoodWhale, we have conducted a thorough analysis of WORLD PRECISION MACHINERY’s fundamentals. Our Risk Rating analysis has concluded that WORLD PRECISION MACHINERY is a medium risk investment in terms of financial and business aspects. During the analysis, we have identified two risk warnings in the income sheet and balance sheet. To gain deeper insights into the financial stability of WORLD PRECISION MACHINERY, register with GoodWhale to take a closer look. By registering with us, you will also be able to access numerous other features that will help you make more informed investing decisions. We are committed to providing you with the most up-to-date information and insights to help you make the right choice when it comes to investments. More…
Peers
It specializes in production machinery, automation systems, and robotic applications. Its primary competitors are L K Technology Holdings Ltd, Enerpac Tool Group Corp, and Hwacheon Machinery Co Ltd. These companies offer similar products and services to World Precision Machinery Ltd, and they are all leaders in their respective fields. Although each has its own unique strengths, all four companies strive to provide high-quality products and services to their customers.
– L K Technology Holdings Ltd ($SEHK:00558)
K Technology Holdings Ltd is a company that provides advanced technology solutions to customers in the telecommunications, media, and entertainment industries. The company has a market capitalization of 10.16 billion as of 2023, suggesting that it is a large and established player in the industry. Additionally, K Technology Holdings Ltd has reported an impressive Return on Equity (ROE) of 11.47%, indicating that the company is effectively utilizing its financial resources to generate profits and increase shareholder value.
– Enerpac Tool Group Corp ($NYSE:EPAC)
Enerpac Tool Group Corp is a leader in the design and manufacture of industrial tools, hydraulic systems, and accessories. The company is headquartered in Wisconsin, USA and has operations in over 50 countries. Its products are used in the manufacturing, construction, energy, and automotive industries. As of 2023, the company has a market cap of 1.48B and an Return on Equity of 11.37%. The high market cap indicates the company’s current success and its ability to generate high returns for shareholders from its operations. The company’s ROE also indicates that it has been able to make efficient use of its investments, creating a higher return compared to other companies in the same sector.
– Hwacheon Machinery Co Ltd ($KOSE:010660)
Hwacheon Machinery Co Ltd is a leading global manufacturer of precision metal cutting machines and equipment with a market cap of 73.66B as of 2023. The company specializes in high-precision cutting and machining solutions for a wide range of industries, including automotive, aerospace, construction, and medical engineering. Hwacheon Machinery has a Return on Equity of 1.31%, which is typical for a company in the metal working industry. This suggests that the company has been able to efficiently use its shareholders’ resources to generate revenue and increase its value.
Summary
WORLD PRECISION MACHINERY reported a 9.2% year-on-year decrease in total revenue for the second quarter of 2023.
However, net income was up significantly from the previous year’s figure, rising to CNY 23.4 million from CNY 4.4 million. Investors should keep an eye on the company’s ongoing operations and financial performance to evaluate the potential of this stock as a long-term investment. Factors such as revenue growth, profitability, debt levels, and cash flow should be monitored closely.
Additionally, investors may want to focus on the company’s competitive advantage within their industry, current and future prospects for the industry, and any strategic collaborations or partnerships that could positively affect the stock’s performance.
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