Aerospace Nanhu Electronic Information Technology Full Year 2024 Earnings: Misses Expectations

Aerospace Nanhu Electronic Information Technology (SHSE:688552) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥217.8m (down 70% from FY 2023).
• Net loss: CN¥78.2m (down by 176% from CN¥102.5m profit in FY 2023).
• CN¥0.23 loss per share (down from CN¥0.34 profit in FY 2023).

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

Aerospace Nanhu Electronic Information Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 67%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are down 1.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Aerospace Nanhu Electronic Information Technology's balance sheet.

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