Henan Ancai Hi-TechLtd Third Quarter 2024 Earnings: CN¥0.093 loss per share (vs CN¥0.003 profit in 3Q 2023)

Henan Ancai Hi-TechLtd (SHSE:600207) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥952.3m (down 34% from 3Q 2023).
• Net loss: CN¥100.2m (down from CN¥3.13m profit in 3Q 2023).
• CN¥0.093 loss per share (down from CN¥0.003 profit in 3Q 2023).

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

Henan Ancai Hi-TechLtd Earnings Insights

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 20% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Henan Ancai Hi-TechLtd's balance sheet and an in-depth analysis of the company's financial position.

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