Suzhou Anjie Technology Reports Positive Financial Results but Misses Analyst Expectations; Two Warning Signs Identified

Suzhou Anjie Technology (SZSE:002635) has announced its full-year 2023 financial results, showing positive growth in key financial metrics. The company’s revenue increased by 7.6% from the previous year to CN¥4.52 billion, while net income rose by 31% to CN¥307.6 million. Profit margin also improved to 6.8% from 5.6% in 2022, and earnings per share (EPS) increased to CN¥0.45 from CN¥0.34.

While Suzhou Anjie Technology’s financial results show growth, the company’s revenues and earnings missed analyst expectations by 2.8% and 13%, respectively. As a result, the company’s shares declined by 1.3% from the previous week.

However, investors should be cautious as there are two warning signs for Suzhou Anjie Technology that have been identified: a decline in gross profit margins and an increase in selling, general, and administrative expenses as a percentage of revenue. It is important to conduct a thorough risk analysis before making any investment decisions.

For a more comprehensive analysis of Suzhou Anjie Technology, including fair value estimates, risks, dividends, insider transactions, and financial health, readers are encouraged to view the free analysis provided by the Simply Wall St team. It is important to note that this information is based on historical data and analyst forecasts and should not be considered as financial advice. Readers should conduct their own research and analysis before making any investment decisions. Simply Wall St does not have any positions in the stocks mentioned.