Daheng New Epoch Technology (SHSE:600288) reported their full year 2023 financial results, with revenue reaching CN¥2.33 billion which was flat compared to the previous year. Net income was CN¥49.9 million, showing a decrease of 28% from 2022. The profit margin also declined from 3.0% in 2022 to 2.1% in 2023, with earnings per share dropping from CN¥0.16 to CN¥0.11.
Looking at the company’s earnings and revenue history as of March 31st, 2024, all figures shown in the chart represent the trailing 12 month period. The company’s shares are down 10.0% from a week ago, indicating some volatility in the market.
The decline in revenue and net income may raise concerns about the company’s financial health and growth prospects. Therefore, it is important for investors to conduct thorough research on Daheng New Epoch Technology before making any investment decisions. Analysts recommend that investors consider valuation when determining whether a stock is over or undervalued based on fundamental data such as price-to-earnings ratio (P/E ratio) or price-to-book ratio (P/B ratio).
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