Chengdu M&S Electronics TechnologyLtd Full Year 2023 Earnings: Misses Expectations

Chengdu M&S Electronics TechnologyLtd (SHSE:688311) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥334.4m (down 30% from FY 2022).
• Net loss: CN¥52.6m (down by 303% from CN¥26.0m profit in FY 2022).
• CN¥0.40 loss per share (down from CN¥0.16 profit in FY 2022).

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

Chengdu M&S Electronics TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 38%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Chengdu M&S Electronics TechnologyLtd that we have uncovered.

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