Chengdu Haoneng Technology Co., Ltd. Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Chengdu Haoneng Technology Co., Ltd. (SHSE:603809) filed its full-year result this time last week. The early response was not positive, with shares down 5.5% to CN¥16.97 in the past week. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at CN¥2.4b, statutory earnings beat expectations by a notable 15%, coming in at CN¥0.62 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

After the latest results, the three analysts covering Chengdu Haoneng Technology are now predicting revenues of CN¥2.98b in 2025. If met, this would reflect a substantial 26% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 36% to CN¥0.69. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥3.03b and earnings per share (EPS) of CN¥0.68 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

Check out our latest analysis for Chengdu Haoneng Technology

The consensus price target rose 23% to CN¥12.76despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Chengdu Haoneng Technology's earnings by assigning a price premium. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Chengdu Haoneng Technology, with the most bullish analyst valuing it at CN¥14.70 and the most bearish at CN¥10.81 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Chengdu Haoneng Technology's growth to accelerate, with the forecast 26% annualised growth to the end of 2025 ranking favourably alongside historical growth of 17% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 18% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Chengdu Haoneng Technology is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Chengdu Haoneng Technology going out to 2027, and you can see them free on our platform here..

You still need to take note of risks, for example - Chengdu Haoneng Technology has 3 warning signs (and 1 which can't be ignored) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.