Jiangsu Tongxingbao Intelligent Transportation Technology (SZSE:301339) has released its full-year 2023 financial report, showing positive progress in key financial metrics. The company’s revenue grew by 24% to CN¥741.6m compared to FY 2022, while net income rose by 27% to CN¥191.0m. Despite missing analyst expectations slightly in the trailing 12 months (TTM) figures, with revenue missing estimates by 8.9% and EPS below analyst forecasts by 13%, Jiangsu Tongxingbao Intelligent Transportation Technology is expected to achieve an average annual revenue growth rate of 28% over the next two years, surpassing the expected growth rate for the Electronic industry in China of 18%.
The Chinese Electronic industry as a whole is performing positively, with Jiangsu Tongxingbao Intelligent Transportation Technology’s shares up by 5.9% in the past week. However, investors should exercise caution as there is one warning sign that they should consider before making investment decisions.
For a more comprehensive analysis of Jiangsu Tongxingbao Intelligent Transportation Technology’s valuation and financial health, investors can access additional information such as fair value estimates, risks, dividends, insider transactions, and more on Simply Wall St. It’s important to note that this information should not be taken as financial advice and investors should conduct their own research before making investment decisions.
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