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

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).

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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