Zanyu Technology Group (SZSE:002637) reported its full-year 2023 results, showing a revenue of CN¥9.61 billion, down 14% from FY 2022. However, the company’s net income improved to CN¥87.9 million, as compared to a loss of CN¥69.9 million in FY 2022. The profit margin also increased to 0.9%, up from a net loss in the previous year. This move towards profitability was attributed to lower expenses, resulting in an earnings per share (EPS) of CN¥0.19, up from a loss of CN¥0.15 in FY 2022.
On April 21st, 2024, the company announced its earnings and revenue growth for the trailing 12-month (TTM) period. Revenue fell short of analyst estimates by 9.1%, while earnings per share (EPS) missed expectations by 60%. Looking ahead, Zanyu Technology Group forecasts a 15% average annual revenue growth over the next two years, slightly below the 16% growth forecast for the Chemicals industry in China.
While these results show progress towards profitability for Zanyu Technology Group, there are still potential risks associated with investing in this company that should be considered carefully before making any investment decisions. There have been two warning signs identified so far: one deemed significant and one less so. To better understand the valuation of this company and make informed decisions about whether it is worth investing in or not, investors should conduct a comprehensive analysis that takes into account fair value estimates, risks, dividends, insider transactions, and financial health metrics such as debt-to-equity ratio and current ratio.
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Simply Wall St holds no position in any stocks mentioned.
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