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).
SHSE:688768 Earnings and Revenue Growth April 28, 2024

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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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.



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