Fujian Sunner Development First Quarter 2024 Earnings: CN¥0.05 loss per share (vs CN¥0.073 profit in 1Q 2023)

Fujian Sunner Development (SZSE:002299) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.21b (down 7.1% from 1Q 2023).
• Net loss: CN¥61.9m (down by 169% from CN¥89.4m profit in 1Q 2023).
• CN¥0.05 loss per share (down from CN¥0.073 profit in 1Q 2023).

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

Fujian Sunner Development Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

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

Risk Analysis

It is worth noting though that we have found 2 warning signs for Fujian Sunner Development that you need to take into consideration.

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