Stock Analysis
- China
- /
- Electronic Equipment and Components
- /
- SHSE:688502
MLOptic First Quarter 2024 Earnings: EPS: CN¥0.081 (vs CN¥0.35 in 1Q 2023)
MLOptic (SHSE:688502) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥110.9m (down 11% from 1Q 2023).
- Net income: CN¥4.28m (down 69% from 1Q 2023).
- Profit margin: 3.9% (down from 11% in 1Q 2023).
- EPS: CN¥0.081 (down from CN¥0.35 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MLOptic Earnings Insights
Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 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 1.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for MLOptic (2 can't be ignored!) that 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.
About SHSE:688502
MLOptic
Operates as a precision optical solutions company in China and internationally.