Hunan Aerospace Huanyu Communication TechnologyLTD First Quarter 2024 Earnings: EPS: CN¥0.01 (vs CN¥0.02 in 1Q 2023)

Hunan Aerospace Huanyu Communication TechnologyLTD (SHSE:688523) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥43.6m (up 72% from 1Q 2023).
• Net income: CN¥4.05m (down 27% from 1Q 2023).
• Profit margin: 9.3% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.01 (down from CN¥0.02 in 1Q 2023).

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

Hunan Aerospace Huanyu Communication TechnologyLTD Earnings Insights

Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Hunan Aerospace Huanyu Communication TechnologyLTD, and understanding this should be part of your investment process.

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