Zanyu Technology Group (SZSE:002637) recently released its full-year 2023 financial results, showing a revenue of CN¥9.61 billion, down 14% from the previous year. However, the company’s net income improved to CN¥87.9 million, 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.
On April 21st, 2024, the company announced its earnings and revenue growth for the trailing 12-month (TTM) period. While revenue fell short of analyst estimates by 9.1%, 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. Despite these results, the company’s share price has remained stable over the past week.
It is important to consider potential risks associated with investing in Zanyu Technology Group, as there have been two warning signs identified, with one deemed significant. To better understand the valuation of the company, a comprehensive analysis is recommended that includes fair value estimates, risks, dividends, insider transactions, and financial health. Feedback on this article or concerns about its content can be addressed directly to the editorial team at Simply Wall St by emailing editorial-team@simplywallst.com for further assistance. It is essential to note that the content provided by Simply Wall St is based on historical data and analyst forecasts using an unbiased methodology that does not consider individual objectives or financial situations and may not include latest price-sensitive company announcements or qualitative material.
Investors should conduct thorough research before making any investment decisions and seek professional advice if necessary.
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