Sinoma Science & TechnologyLtd (SZSE:002080) Sheds CN¥1.3b, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years

Simply Wall StJan 21 17:59 ET

Sinoma Science & Technology Forecasts Up to 71% Decrease in 2024 Profit; Shares Slide 3%

MT NewswiresJan 15 23:23 ET

Sinoma Technology: 2024 Annual Results Forecast

SZSIJan 15 11:00 ET · Announcements

Sinoma Science & Technology (002080.SZ): The net income for the year 2024 is expected to decrease by 57.26%-71.48%.

On January 15, Gelonghui reported that Sinoma Science & Technology (002080.SZ) announced its performance forecast for 2024. The net income attributable to shareholders of the listed company is expected to be between 0.634 billion yuan and 0.95 billion yuan, a decrease of 57.26% to 71.48% compared to the same period last year; the net income after excluding non-recurring gains and losses is expected to be between 0.283 billion yuan and 0.424 billion yuan, a decrease of 78.40% to 85.59% compared to the same period last year; the basic EPS is expected to be between 0.3778 yuan/share and 0.5662 yuan/share. During the reporting period, the prices of the company's main products decreased compared to the same period last year, resulting in net income attributable to shareholders of the listed company.

Gelonghui FinanceJan 15 04:14 ET

Research Report Mining丨Tianfeng: Maintain Sinoma Science & Technology 'Buy' rating, Target Price 16.41 yuan.

The Research Reports from Tianfeng Securities indicate that considering the contribution from Sinoma Science & Technology's (002080.SZ) New Materials Sector Business, along with the high demand for Blades next year and the LowDK electronic fabric being in short supply, the company's profit forecasts have been adjusted, corresponding to a Target Price of 16.41 yuan, maintaining a "Buy" rating. In the first three quarters of this year, the bidding volume increased significantly by 93% to reach 119GW, with expectations for onshore and offshore wind installations to be around 100/10GW next year, representing a year-on-year increase of 50-60%. The company's first-generation low-dielectric ultra-thin electronic fabric has achieved stable mass production, with products entering global mainstream customers, while the second-generation low-dielectric ultra-fine yarn ultra-thin fabric is small.

Gelonghui FinanceJan 6 03:34 ET

Potential Upside For Sinoma Science & Technology Co.,Ltd. (SZSE:002080) Not Without Risk

Simply Wall StDec 31 23:45 ET