Anhui Ronds Science & Technology (SHSE:688768) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥60.8m (up 6.3% from 1Q 2023).
- Net loss: CN¥19.3m (loss narrowed by 2.3% from 1Q 2023).
- CN¥0.24 loss per share (improved from CN¥0.24 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Anhui Ronds Science & Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China.
Performance of the Chinese Electronic industry.
The company’s shares are up 7.2% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 4 warning signs for Anhui Ronds Science & Technology (1 is significant!) that you need to be mindful of.
Valuation is complex, but we’re helping make it simple.
Find out whether Anhui Ronds Science & Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
