Accelink Technologies CoLtd First Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.13 in 1Q 2023)

Accelink Technologies CoLtd (SZSE:002281) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.29b (up 1.8% from 1Q 2023).
• Net income: CN¥77.4m (down 24% from 1Q 2023).
• Profit margin: 6.0% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.10 (down from CN¥0.13 in 1Q 2023).

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

Accelink Technologies CoLtd Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 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 8.7% from a week ago.

Valuation

If you are concerned about investing in overvalued stocks, our analysis of 6 valuation measures indicates Accelink Technologies CoLtd could be one stock to be wary of. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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