Sichuan Huafeng Technology Third Quarter 2024 Earnings: CN¥0.071 loss per share (vs CN¥0.005 profit in 3Q 2023)

Simply Wall St

October 31, 2024

Sichuan Huafeng Technology (SHSE:688629) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥265.1m (up 30% from 3Q 2023).
Net loss: CN¥30.7m (down from CN¥2.05m profit in 3Q 2023).
CN¥0.071 loss per share (down from CN¥0.005 profit in 3Q 2023).

earnings-and-revenue-growth — SHSE:688629 Earnings and Revenue Growth October 31st 2024

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

Sichuan Huafeng Technology Earnings Insights

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Sichuan Huafeng Technology that you need to be mindful of.

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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.