In 2023, Guangdong HEC Technology Holding (SHSE:600673) reported its full-year financial results, showing a revenue of CN¥10.9 billion, a decrease of 7.2% from the previous year. The company also reported a net loss of CN¥294.3 million, a significant decline from the CN¥1.24 billion profit in 2022. Earnings per share were at CN¥0.10 loss, down from CN¥0.43 profit in the prior year.
Despite missing analyst expectations for revenues and earnings per share by 23% and 11%, respectively, Guangdong HEC Technology Holding is forecasting a 26% average annual revenue growth over the next two years, outperforming the 10% growth forecast for the Metals and Mining industry in China.
In terms of performance, Guangdong HEC Technology Holding’s shares saw a 1.3% increase from the previous week.
When considering this company’s stock, investors should be aware of certain risks that may impact their investment decisions. However, Simply Wall St provides a free analysis that covers valuation, potential risks, dividends, insider transactions and financial health.
It is important to note that articles by Simply Wall St are based on historical data and analyst forecasts with an unbiased approach and should not be considered financial advice. Investors should conduct their own research and take into account their individual financial objectives before making any investment decisions.
Overall, while Guangdong HEC Technology Holding has missed analyst expectations in the past year’s trailing 12-month period as of April 1st, it still has potential for future growth opportunities in the coming years if investors are willing to take on some level of risk.
