Suzhou TZTEK Technology (SHSE:688003) has reported its full year 2023 results, showing an increase in revenue to CN¥1.65b, up 3.7% from the previous year. Net income also saw growth, reaching CN¥215.2m, a 42% increase from the previous year. The company’s profit margin improved to 13%, up from 9.6% in the previous year, while earnings per share increased to CN¥1.12 from CN¥0.80 in the previous year.
The company’s revenue missed analyst estimates by 16%, but earnings per share (EPS) exceeded estimates by 4.1%. Despite this, Suzhou TZTEK Technology is forecasted to experience a 29% yearly growth in revenue over the next two years compared to an 18% growth forecast for the Electronic industry in China.
However, investors should be aware of one warning sign before making any decisions on Suzhou TZTEK Technology shares. It is crucial to conduct thorough research before proceeding and consider comprehensive analysis on the company, including fair value estimates, risks, dividends, insider transactions and financial health.
This article is provided by Simply Wall St for informational purposes only based on historical data and analyst forecasts. It does not constitute financial advice and takes into account individual objectives or financial situations without considering the latest company announcements.
