Zhejiang Hechuan Technology First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

April 28, 2024

Zhejiang Hechuan Technology (SHSE:688320) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥205.3m (down 26% from 1Q 2023).
Net loss: CN¥15.0m (down by 170% from CN¥21.5m profit in 1Q 2023).
CN¥0.10 loss per share (down from CN¥0.14 profit in 1Q 2023).

earnings-and-revenue-growth — SHSE:688320 Earnings and Revenue Growth April 28th 2024

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

Zhejiang Hechuan Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Zhejiang Hechuan Technology has 2 warning signs we think you should be aware of.

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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.