Stock Analysis

China Zhenhua (Group) Science & Technology Second Quarter 2024 Earnings: Misses Expectations

SZSE:000733
Source: Shutterstock

China Zhenhua (Group) Science & Technology (SZSE:000733) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.42b (down 36% from 2Q 2023).
  • Net income: CN¥318.2m (down 60% from 2Q 2023).
  • Profit margin: 23% (down from 36% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.58 (down from CN¥1.53 in 2Q 2023).
earnings-and-revenue-growth
SZSE:000733 Earnings and Revenue Growth August 25th 2024

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

China Zhenhua (Group) Science & Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 19% 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 3.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for China Zhenhua (Group) Science & Technology 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.