Zhejiang Hechuan Technology Third Quarter 2024 Earnings: CN¥0.34 loss per share (vs CN¥0.089 profit in 3Q 2023)

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

Key Financial Results

• Revenue: CN¥160.7m (down 43% from 3Q 2023).
• Net loss: CN¥51.4m (down by 492% from CN¥13.1m profit in 3Q 2023).
• CN¥0.34 loss per share (down from CN¥0.089 profit in 3Q 2023).

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

Zhejiang Hechuan Technology Earnings Insights

Looking ahead, revenue is forecast to grow 20% 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 down 7.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Zhejiang Hechuan Technology has 1 warning sign we think you should be aware of.

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