Results: Shanghai Awinic Technology Co.,Ltd. Confounded Analyst Expectations With A Surprise Profit
Results: Shanghai Awinic Technology Co.,Ltd. Confounded Analyst Expectations With A Surprise Profit
Shanghai Awinic Technology Co.,Ltd. (SHSE:688798) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. In addition to beating expectations by 14% with revenues of CN¥776m, Shanghai Awinic TechnologyLtd delivered a surprise (statutory) profit of CN¥0.15 per share, a sweet improvement compared to the losses that the analysts forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
上海鼎越科技公司(SHSE:688798)于上周公布了季度财报,我们想了解该公司的业务表现以及行业预测师对该公司的看法。除了营业收入达到77600万人民币,超出预期14%之外,上海鼎越科技也实现了每股收益0.15人民币的意外盈利,与分析师预测的亏损相比,这是一个令人满意的改善。对于投资者来说,收益公告是一个重要时刻,他们可以追踪一家公司的业绩,查看分析师对下一年的预测,并观察市场对该公司的情绪是否有所变化。因此,我们收集了最新的收益后预测,了解下一年的情况。
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Taking into account the latest results, Shanghai Awinic TechnologyLtd's eight analysts currently expect revenues in 2024 to be CN¥3.12b, approximately in line with the last 12 months. Statutory earnings per share are forecast to shrink 9.0% to CN¥0.83 in the same period. In the lead-up to this report, the analysts had been modelling revenues of CN¥3.09b and earnings per share (EPS) of CN¥0.72 in 2024. Although the revenue estimates have not really changed, we can see there's been a decent improvement in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
根据最新的结果,上海鼎越科技预计2024年的营业收入为312亿人民币,与过去12个月基本持平。预计同期每股收益将下降9.0%,至0.83人民币。此前,分析师预计2024年营业收入为309亿人民币,每股收益为0.72人民币。尽管营收预测没有实质性变化,但我们可以看到每股收益预期有很大的改善,这表明分析师在最新财报发布后变得更加看好该股。
The average the analysts price target fell 11% to CN¥78.31, suggesting thatthe analysts have other concerns, and the improved earnings per share outlook was not enough to allay them. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Shanghai Awinic TechnologyLtd analyst has a price target of CN¥100.00 per share, while the most pessimistic values it at CN¥55.38. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
分析师给出的平均目标价格下降了11%,至78.31人民币,这表明分析师有其他方面的担忧,而盈利预期的改善还不足以消除这些担忧。但是,固执地只关注一个价格目标可能是不明智的,因为共识目标实际上是分析师价格目标的平均值。因此,一些投资者喜欢查看估值范围,以查看对该公司的估值是否存在不同意见。最乐观的分析师给出的上海鼎越科技目标价为100.00人民币,最悲观的为55.38人民币。这显示估值存在一定的多样性,但分析师对该股票的看法并没有完全分歧,对其成功或失败的情况并不持乐观或悲观的态度。
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Shanghai Awinic TechnologyLtd's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 0.6% growth on an annualised basis. This is compared to a historical growth rate of 21% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 22% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Shanghai Awinic TechnologyLtd.
从更大的视角来看,我们可以通过与过去的业绩和行业增长预测进行比较,来理解这些预测的方式之一。很明显,人们期望上海上海爱唯科技有限公司的营业收入增长将大幅放缓,预计到2024年底,年化基础上的年营收增长为0.6%。与过去五年的历史增长率21%相比,这个增长缓慢。与行业中其他的公司(分析师预测)相比,预计每年的营收增长为22%。显然,虽然预计营收增长将放缓,但整个行业也预计比上海爱唯科技有限公司增长更快。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Shanghai Awinic TechnologyLtd's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Shanghai Awinic TechnologyLtd's future valuation.
对我们来说,最重要的是共识的每股收益升级,这表明市场对上海爱唯科技有限公司明年的盈利潜力有明显的改善。积极的一面是,营业收入预测没有发生重大变化;尽管预测表明它们的表现将不如整个行业,但没有大幅下滑。共识的价格目标有所下降,分析师们似乎对最新的业绩不太放心,导致他们对上海爱唯科技有限公司未来估值的估计较低。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Shanghai Awinic TechnologyLtd going out to 2026, and you can see them free on our platform here.
请记住,对于投资者来说,业务的长期发展轨迹更加重要。我们对上海爱唯科技有限公司的预测延伸到2026年,您可以在我们的平台上免费查看。
We also provide an overview of the Shanghai Awinic TechnologyLtd Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.
我们还提供了上海爱唯科技有限公司董事会和首席执行官的薪酬情况和在公司任职的时间,以及内部人员是否购买了该股票的概述,请在此处查看。
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