Anhui Rons Science and Technology (SHSE:688768) 2024 Q1 Results
Main financial results
- Revenue: CAD 60.8 million (up 6.3% from Q1 2023).
- Net loss: CAD 19.3 million (loss reduction of 2.3% compared to Q1 2023).
- Loss of C$0.24 per share (improved from loss of C$0.24 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Anhui Ronzu Science and Technology's sales and profits fall below expectations
Sales were 11% lower than analysts expected. Earnings per share (EPS) also fell 33% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 44% per year over the next two years, compared to a growth forecast of 17% for China's electronics industry.
performance of China's electronic industry.
The company's stock price rose 7.2% from the previous week.
risk analysis
I don't really want it to rain on the parade, but it did rain. 4 warning signs for Anhui Lons Science and Technology (1 is important!) You should be careful.
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