Suzhou Agioe Technologies First Quarter 2024 Earnings: CN¥0.18 loss per share (vs CN¥0.22 loss in 1Q 2023)

Suzhou Agioe Technologies (SHSE:688450) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.73m (down 48% from 1Q 2023).
• Net loss: CN¥12.1m (loss widened by 10.0% from 1Q 2023).
• CN¥0.18 loss per share.

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

Suzhou Agioe Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 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 3.4% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Suzhou Agioe Technologies (1 doesn't sit too well with us!) that you should be aware of before investing here.

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