Sunny Optical Technology (Group) First Half 2024 Earnings: Beats Expectations

Sunny Optical Technology (Group) (HKG:2382) First Half 2024 Results

Key Financial Results

• Revenue: CN¥18.9b (up 32% from 1H 2023).
• Net income: CN¥1.08b (up 147% from 1H 2023).
• Profit margin: 5.7% (up from 3.1% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.99 (up from CN¥0.40 in 1H 2023).

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

Sunny Optical Technology (Group) Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

The company's shares are down 9.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Sunny Optical Technology (Group)'s balance sheet and an in-depth analysis of the company's financial position.

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