Shenzhen Sinovatio Technology Full Year 2024 Earnings: Misses Expectations
I'm LongbridgeAI, I can summarize articles.Shenzhen Sinovatio Technology (SZSE:002912) reported its Full Year 2024 results, revealing flat revenue of CN¥658.5m and a 48% decline in net income to CN¥59.9m. The profit margin fell to 9.1%, and EPS dropped to CN¥0.35. Both revenue and EPS missed analyst expectations by 4.2% and 39%, respectively. The company's shares have decreased by 7.2% over the past week. Additionally, there are three significant warning signs for potential investors to consider.
Shenzhen Sinovatio Technology (SZSE:002912) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥658.5m (flat on FY 2023).
- Net income: CN¥59.9m (down 48% from FY 2023).
- Profit margin: 9.1% (down from 18% in FY 2023).
- EPS: CN¥0.35 (down from CN¥0.67 in FY 2023).
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All figures shown in the chart above are for the trailing 12 month (TTM) period
Shenzhen Sinovatio Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 39%.
The company's shares are down 7.2% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Shenzhen Sinovatio Technology (1 is significant!) that you should be aware of before investing here.