Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) recently released its full year 2023 financial results, showing a revenue increase of 9.0% compared to the previous year, reaching CN¥1.73b. The company also reported a net income of CN¥40.5m, a significant improvement from the CN¥152.5m loss in the previous year. The profit margin increased to 2.3%, and earnings per share rose to CN¥0.34, up from a loss of CN¥1.27 in the previous year.
While these results were positive, they fell short of analyst expectations by 3.2% for revenue and 2.9% for earnings per share respectively. Despite this, Shenzhen Xinhao Photoelectricity Technology is forecasted to have an annual revenue growth of 51% over the next two years, outpacing the 18% growth forecast for the electronic industry in China as a whole. However, shares in the company have dropped by 5.1% in the past week alone.
When considering investing in Shenzhen Xinhao Photoelectricity Technology, it’s important to be aware of potential risks that investors should take into account before making any investment decisions
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