Siasun Robot&AutomationLtd First Quarter 2024 Earnings: Misses Expectations

Siasun Robot&AutomationLtd (SZSE:300024) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥733.3m (up 2.7% from 1Q 2023).
• Net loss: CN¥40.4m (loss narrowed by 9.3% from 1Q 2023).
• CN¥0.026 loss per share (improved from CN¥0.029 loss in 1Q 2023).

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

Siasun Robot&AutomationLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Siasun Robot&AutomationLtd you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.