Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) full year 2023 results

Main financial results

  • Sales: 1.73 billion Canadian dollars (9.0% increase compared to FY2022).
  • Net income: C$40.5 million (up from a loss of C$152.5 million in 2022).
  • Profit margin: 2.3% (up from 2022 net loss).
  • EPS: CN¥0.34 (up from loss of CN¥1.27 in FY2022).
Profit and revenue growth
SZSE:301051 Revenue and Revenue Growth April 1, 2024

All numbers shown in the chart above are for the trailing 12 month (TTM) period.

Shenzhen New Australia Photovoltaic Technology's sales and profits fall below expectations

Sales were 3.2% lower than analysts expected. Earnings per share (EPS) also fell 2.9% below analyst expectations.

Looking ahead, revenues are expected to increase by an average of 51% per year over the next two years, compared to a growth forecast of 18% for China's electronics industry.

performance of China's electronic industry.

The company's stock fell 5.1% from the previous week.

risk analysis

There is still a need to consider the ever-present concern of investment risk. We've identified 1 warning sign Leveraging and understanding Shenzhen Xinhao Photoelectricity Technology should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, 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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