Guangzhou Hexin InstrumentLtd Third Quarter 2024 Earnings: CN¥0.001 loss per share (vs CN¥0.30 loss in 3Q 2023)

Simply Wall St

October 31, 2024

Guangzhou Hexin InstrumentLtd (SHSE:688622) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥46.1m (down 50% from 3Q 2023).
Net loss: CN¥91.7k (loss narrowed by 100% from 3Q 2023).
CN¥0.001 loss per share (improved from CN¥0.30 loss in 3Q 2023).

earnings-and-revenue-growth — SHSE:688622 Earnings and Revenue Growth October 31st 2024

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

Guangzhou Hexin InstrumentLtd Earnings Insights

Looking ahead, revenue is forecast to grow 67% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Guangzhou Hexin InstrumentLtd that you should be aware of before investing here.

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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.