China Zhenhua (Group) Science and Technology (SZSE:000733) Q2 2024 results
Key Financial Results
Revenue: RMB 1.42 billion (down 36% from Q2 2023). Net profit: RMB 318.2 million (down 60% from Q2 2023). Profit margin: 23% (down from 36% in Q2 2023). The decline in profit margin is due to lower revenue. EPS: RMB 0.58 (down from RMB 1.53 in Q2 2023). SZSE:000733 Revenue and Sales Growth 25 Aug 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
China Zhenhua (Group) Science & Technology's sales and profits fall short of expectations
Revenues came in 18% below analyst expectations. Earnings per share (EPS) also came in 23% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 19% over the next three years, compared with a forecast growth rate of 18% for China's electronics industry.
Performance of China's electronics industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
We've discovered 1 warning sign for China Zhenhua (Group) Technology that you should be aware of before investing.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
