Stock Analysis
SINOTECH (SHSE:688737) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥318.3m (down 27% from 3Q 2023).
- Net loss: CN¥19.7m (down by 261% from CN¥12.2m profit in 3Q 2023).
- CN¥0.12 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
SINOTECH Earnings Insights
Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.
Performance of the Chinese Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on SINOTECH's balance sheet.
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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.
About SHSE:688737
SINOTECH
Operates as a high-tech company, primarily focus on the research and development of new materials and new energy technologies in China.
