$Retractable Technologies (RVP.US)$In the past five years, r...
$Retractable Technologies (RVP.US)$In the past five years, revenue fell 50% to 95 million after surging 1.3 times to a high of 188 million yuan, operating profit reached 73 million in 2021, plummeted 96% to 2.98 million in 2022, and plummeted 91% to 5.08 million after reaching 56 million in 2021.
The income statement shows that although revenue fell by half in 2022, costs only fell by 28.5%. Instead, management expenses increased sharply by 38.3%. At the same time, sales expenses only increased by 1.5%, and R&D expenses fell by 42%. There must have been a problem with the company's incentive system.
2023Q1 revenue continued to drop sharply by 75.4%. Operating profit entered a loss range, and net profit was slightly profitable from the sale of securities.
The current price-earnings ratio is 8, and the price-earnings ratio TTM loss is unattractive.
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