Gotion High-techLtd First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Gotion High-techLtd (SZSE:002074) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥7.51b (up 4.6% from 1Q 2023).
• Net income: CN¥69.1m (down 8.6% from 1Q 2023).
• Profit margin: 0.9% (down from 1.1% in 1Q 2023).
• EPS: CN¥0.04 (in line with 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gotion High-techLtd Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 68%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Gotion High-techLtd that we have uncovered.

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