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Here's Why Genew TechnologiesLtd (SHSE:688418) Can Afford Some Debt
2024 Annual Results Forecast
Genew Technologies (688418.SH): The net income for 2024 is expected to be between 23 million yuan and 33 million yuan.
On January 24, Gelonghui reported that Genew Technologies (688418.SH) announced its performance forecast for 2024. The finance department has preliminarily estimated that the net income attributable to the owners of the parent company for the year 2024 is expected to be between 23 million yuan and 33 million yuan. Compared to the same period last year, it is expected to turn losses into profits, with an increase of 109.5588 million yuan to 119.5588 million yuan. The net income attributable to the owners of the parent company for the year 2024, after deducting non-recurring gains and losses, is expected to be between 8 million yuan and 12 million yuan, compared to the same period last year.
Southwest Securities: Increased investment in AI, promoting the commercialization of Satellites.
In 2025, the wave of AI and Satellite communication may become important investment lines, suggesting a focus on key Sectors such as Satellite, Optical & Copper communication, Operators, Equipment manufacturers, and the Industrial Internet.
Investors Interested In Genew Technologies Co.,Ltd.'s (SHSE:688418) Revenues
Tianfeng: New AI momentum drives industry growth acceleration, bullish on the communication industry to continue high prosperity and accelerate growth each quarter.
In terms of net income, the overall net income of communications equipment in Q3 2024 increased by 18% year-on-year, a significant reversal compared to the -16% in Q3 2023, reflecting a rapid recovery in industry profitability amid the transition between old and new driving forces.
