Suzhou Anjie Technology (SZSE:002635) has released its financial results for the year 2023, showing positive growth in several key metrics. The company’s revenue increased by 7.6% from the previous year to CN¥4.52 billion, while net income rose by 31% to CN¥307.6 million. Additionally, the profit margin improved to 6.8% from 5.6% in 2022, and earnings per share (EPS) increased to CN¥0.45 from CN¥0.34.
However, despite the positive financial results, Suzhou Anjie Technology’s revenues and earnings missed analyst expectations. Revenue fell short of estimates by 2.8%, while EPS missed by 13%. As a result, the company’s shares declined by 1.3% from the previous week.
Despite this setback, investors should be cautious about making investment decisions without conducting a thorough risk analysis first. There are two warning signs that have been identified for Suzhou Anjie Technology that should be taken into consideration before making any investment decisions:
Investors can get a more comprehensive analysis of Suzhou Anjie Technology’s financial health, fair value estimates, risks, dividends, insider transactions and more by viewing the free analysis provided by Simply Wall St team on their website [insert link]. It is important to note that this information should not be considered as financial advice and investors should conduct their own research and analysis before making any investment decisions.
