Guangdong Shenglu Telecommunication Tech Full Year 2023 Earnings: Misses Expectations
Guangdong Shenglu Telecommunication Tech (SZSE:002446) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥1.19b (down 17% from FY 2022).
- Net income: CN¥52.4m (down 79% from FY 2022).
- Profit margin: 4.4% (down from 17% in FY 2022).
- EPS: CN¥0.06 (down from CN¥0.27 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guangdong Shenglu Telecommunication Tech Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 81%.
Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China.
Performance of the Chinese Communications industry.
The company’s shares are up 12% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 2 warning signs for Guangdong Shenglu Telecommunication Tech that you should be aware of.
Valuation is complex, but we’re helping make it simple.
Find out whether Guangdong Shenglu Telecommunication Tech is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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