Stock Analysis
- China
- /
- Electrical
- /
- SHSE:688006
Zhejiang HangKe Technology First Quarter 2024 Earnings: Misses Expectations
Zhejiang HangKe Technology (SHSE:688006) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥883.9m (down 7.0% from 1Q 2023).
- Net income: CN¥173.0m (down 18% from 1Q 2023).
- Profit margin: 20% (down from 22% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.29 (down from CN¥0.36 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhejiang HangKe Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 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 2.7% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Zhejiang HangKe Technology (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Zhejiang HangKe 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.
View the Free AnalysisHave 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.
About SHSE:688006
Zhejiang HangKe Technology
Zhejiang HangKe Technology Incorporated Company designs, develops, produces, and sells lithium-ion (Li-ion) battery post-processing systems for charging and discharging industry in China and internationally.
Excellent balance sheet and good value.