Zanyu Technology Group (SZSE:002637) has reported its financial results for the first quarter of 2024. Despite a 12% decrease in revenue from the same period in 2023, the company’s net income increased by 126% to CN¥51.2 million. The profit margin also improved, reaching 2.1% from 0.8% in the first quarter of 2023. The earnings per share (EPS) for the quarter were CN¥0.12, up from CN¥0.05 in the previous year’s first quarter.
Looking ahead, analysts forecast that Zanyu Technology Group’s revenue will grow by an average of 19% per year over the next two years, which is higher than the projected growth rate for the Chemicals industry in China of 16%. Additionally, the company’s shares have seen a positive performance in recent weeks, with a 1.1% increase from a week ago.
However, investors should be aware of certain risks associated with investing in this company, as Zanyu Technology Group has been flagged with three warning signs, one of which is considered concerning. It is crucial for investors to consider these risks when making investment decisions and to perform their own research before making any trades.
For those interested in learning more about Zanyu Technology Group and its financial health, readers can access free analysis on our platform that covers factors such as valuation, risks, dividends, insider transactions and more. If there are any concerns or feedback regarding this content, please get in touch with us directly or email our editorial team at your earliest convenience.
It is important to note that this article provided by Simply Wall St is general in nature and based on historical data and analyst forecasts only. It should not be taken as financial advice or as a recommendation to buy or sell any stock without conducting further research and considering other factors such as market conditions and personal investment goals