Zanyu Technology Group (SZSE:002637) recently released its first quarter 2024 financial results, showing a net income increase of 126% from the same period in 2023. Despite a 12% decrease in revenue compared to the previous year, the company’s profit margin improved significantly. The earnings per share also increased, reaching CN¥0.12 from CN¥0.05 in 1Q 2023.
Looking ahead, analysts predict that revenue will grow by an average of 19% per year over the next two years, outpacing the Chemicals industry growth forecast in China. Additionally, Zanyu Technology Group’s shares have seen an increase of 1.1% from a week ago, indicating positive market performance.
However, it is important for investors to be aware of the risks associated with investing in any company. Zanyu Technology Group has been flagged with three warning signs, one of which is considered concerning. Therefore, investors should carefully consider these risks before making investment decisions.
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It is crucial to note that this article by Simply Wall St is general in nature and based on historical data and analyst forecasts it does not constitute financial advice and should not be taken as a recommendation to buy or sell any stock. The analysis aims to provide long-term focused insights driven by fundamental data but may not include the latest company announcements or qualitative information