Zanyu Technology Group (SZSE:002637) reported its first quarter 2024 financial results, with revenue of CN¥2.44 billion and a net income of CN¥51.2 million, representing a significant improvement from the same period in 2023. Despite a 12% decrease in revenue compared to the previous year, the company’s profit margin increased to 2.1%, while its earnings per share (EPS) rose to CN¥0.12 from CN¥0.05 in the first quarter of 2023.
Looking ahead, analysts predict that Zanyu Technology Group will experience an average growth rate of 19% per year over the next two years, outpacing the expected growth rate for the Chemicals industry in China by one percentage point. The company’s shares have also risen by 1.1% since last week, indicating positive performance in the market.
While there are many potential opportunities for investors looking at Zanyu Technology Group’s financial insights, it is important to be aware of certain risks associated with investing in any company. In particular, Zanyu Technology Group has been flagged with three warning signs, one of which is considered concerning by analysts.
To get a more comprehensive analysis of Zanyu Technology Group’s valuation, risks, dividends, insider transactions, and financial health, readers can visit our platform and view our free analysis report on this topic. If you have any concerns or feedback on our content provided on this article please do not hesitate to contact us directly or email our editorial team at your earliest convenience.
It is important to note that this article by Simply Wall St is general in nature and based on historical data and analyst forecasts only and should not be taken as financial advice or recommendation to buy or sell any stock
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