Zanyu Technology Group (SZSE:002637) released its first quarter 2024 financial results, showing revenue of CN¥2.44 billion and a net income of CN¥51.2 million, up 126% from the same period last year. The profit margin improved to 2.1%, while earnings per share (EPS) were CN¥0.12, up from CN¥0.05 in the previous quarter.
The company is expected to see revenue growth of an average of 19% per year over the next two years, outpacing the forecasted growth rate for the Chemicals industry in China. Additionally, Zanyu Technology Group’s shares have increased by 1.1% from a week ago, indicating positive performance in the market.
While there are signs of strong performance for Zanyu Technology Group, it is important for investors to be aware of potential risks associated with investing in any company. The company has been flagged with three warning signs, one of which is considered concerning. As such, investors should be cautious when making investment decisions and consider seeking professional advice before making any significant trades.
For a more comprehensive analysis of Zanyu Technology Group, including valuation, risks, dividends, insider transactions, and financial health, readers can view our free analysis on our platform. If you have any concerns or feedback on our content provided by Simply Wall St please get in touch with us directly or email our editorial team directly for further assistance.
It’s important to note that this article is general in nature and based on historical data and analyst forecasts only and does not constitute financial advice or a recommendation to buy or sell any stock.
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