Cinderson Tech (Suzhou) Reports Second Quarter 2024 Earnings

Simply Wall St · 08/30 22:15

Cinderson Tech (Suzhou) (SHSE:603344) Second Quarter 2024 Results

Key Financial Results

  • Net income: CN¥55.5m (up by CN¥55.5m from 2Q 2023).
  • EPS: CN¥0.29.
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SHSE:603344 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cinderson Tech (Suzhou) Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Be aware that Cinderson Tech (Suzhou) is showing 2 warning signs in our investment analysis and 1 of those is concerning...