Guangdong Jiayuan TechnologyLtd First Quarter 2024 Earnings: CN¥0.11 loss per share (vs CN¥0.086 profit in 1Q 2023)

Guangdong Jiayuan TechnologyLtd (SHSE:688388) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥930.0m (down 5.5% from 1Q 2023).
• Net loss: CN¥47.8m (down by 230% from CN¥36.8m profit in 1Q 2023).
• CN¥0.11 loss per share (down from CN¥0.086 profit in 1Q 2023).

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

Guangdong Jiayuan TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 47% 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 up 3.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Guangdong Jiayuan TechnologyLtd that you need to take into consideration.

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