Guangdong Shenglu Telecommunication Tech Full Year 2023 Earnings: Misses Expectations

Simply Wall St

April 26, 2024

Guangdong Shenglu Telecommunication Tech (SZSE:002446) Full Year 2023 Results

Key Financial Results

Revenue: CN¥1.19b (down 17% from FY 2022).
Net income: CN¥52.4m (down 79% from FY 2022).
Profit margin: 4.4% (down from 17% in FY 2022).
EPS: CN¥0.06 (down from CN¥0.27 in FY 2022).

earnings-and-revenue-growth — SZSE:002446 Earnings and Revenue Growth April 26th 2024

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

Guangdong Shenglu Telecommunication Tech Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 81%.

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Guangdong Shenglu Telecommunication Tech 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.