Stock Analysis

Shenzhen Sinovatio Technology First Quarter 2024 Earnings: CN¥0.22 loss per share (vs CN¥0.35 profit in 1Q 2023)

Simply Wall St

April 25, 2024

Shenzhen Sinovatio Technology (SZSE:002912) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥84.9m (down 61% from 1Q 2023).
Net loss: CN¥38.2m (down by 165% from CN¥59.0m profit in 1Q 2023).
CN¥0.22 loss per share (down from CN¥0.35 profit in 1Q 2023).

earnings-and-revenue-history — SZSE:002912 Earnings and Revenue History April 25th 2024

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

Shenzhen Sinovatio Technology Earnings Insights

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China.

Performance of the Chinese Tech industry.

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

Risk Analysis

Be aware that Shenzhen Sinovatio Technology is showing 1 warning sign in our investment analysis that you should know about...

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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.