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Is Naruida Technology (SHSE:688522) A Risky Investment?
Guangdong Narui Radar Technology Co., Ltd.'s half-yearly report for 2024.
Summary of Guangdong Narui Radar Technology Co., Ltd.'s 2024 interim report
NARI Radar generated higher revenue in the first half of the year, but did not increase profitability. It stated that there is a seasonal fluctuation in operational performance. R&D investment accounts for more than half of the revenue.
The main reason for the decline in net income is due to the continuous increase in the company's research and development investment, the slow recovery of accounts receivable resulting in increased allowance for bad debts, and increased donations for public welfare. The company has signed new projects with a contract amount of approximately 0.54 billion, but there were fewer deliveries and acceptance of projects in the first half of the year. The company released a new product for low-altitude economic development application scenarios in July, and there are currently 7 research projects in progress, among which the development progress of the "vehicle-mounted millimeter wave radar" is slow.
Nurui Radar (688522.SH): Net income in the first half of the year was 5.8891 million yuan, a year-on-year decrease of 69.60%.
Nari Radar (688522.SH) released its 2024 interim report, realizing revenue of 72.7767 million yuan during the reporting period, an increase of 0.84% year-on-year; net income attributable to shareholders of the listed company was 5.8891 million yuan, down 69.60% year-on-year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 9.5712 million yuan, down 43.31% year-on-year; basic earnings per share were 0.03 yuan. The significant decrease in net income attributable to shareholders of the listed company is mainly due to the continuous increase of research and development investment and the slightly slower collection of accounts receivable.
Naruida Technology Co., Ltd.'s (SHSE:688522) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?
Revenues Not Telling The Story For Naruida Technology Co., Ltd. (SHSE:688522) After Shares Rise 27%No Data
