Rayitek Hi-Tech Film Company Shenzhen Second Quarter 2024 Earnings: CN¥0.11 loss per share (vs CN¥0.002 loss in 2Q 2023)

Rayitek Hi-Tech Film Company Shenzhen (SHSE:688323) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥77.3m (flat on 2Q 2023).
• Net loss: CN¥19.6m (loss widened by CN¥19.2m from 2Q 2023).
• CN¥0.11 loss per share (further deteriorated from CN¥0.002 loss in 2Q 2023).

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

Rayitek Hi-Tech Film Company Shenzhen Earnings Insights

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Rayitek Hi-Tech Film Company Shenzhen (1 is potentially serious!) that you need to take into consideration.

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