Stock Analysis
- China
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- Consumer Durables
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- SHSE:603657
Jinhua Chunguang TechnologyLtd First Quarter 2024 Earnings: CN¥0.03 loss per share (vs CN¥0.12 profit in 1Q 2023)
Jinhua Chunguang TechnologyLtd (SHSE:603657) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥364.0m (down 40% from 1Q 2023).
- Net loss: CN¥4.04m (down by 124% from CN¥16.7m profit in 1Q 2023).
- CN¥0.03 loss per share (down from CN¥0.12 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jinhua Chunguang TechnologyLtd Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Consumer Durables industry in China.
Performance of the Chinese Consumer Durables industry.
The company's shares are down 9.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Jinhua Chunguang TechnologyLtd (2 are a bit unpleasant!) that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Jinhua Chunguang TechnologyLtd is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SHSE:603657
Jinhua Chunguang TechnologyLtd
Engages in the research and development, production, and sales of cleaning electrical hose assemblies and accessories, and complete ODM/OEM products in China.
Adequate balance sheet with moderate growth potential.