Bestechnic (Shanghai) Co., Ltd.'s (SHSE:688608) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Simply Wall St22:02 ET

Research Reports on opportunities丨Ping An Securities: Bestechnic (Shanghai) Co., Ltd. achieves record high revenue and net profit in 2024, initially rated as "Recommended."

According to the research reports from Ping An Securities, seizing the opportunities in the wearable market, Bestechnic (Shanghai) Co., Ltd. (688608.SH) will achieve record high revenue and net income in 2024. In 2024, the wearable market will maintain rapid growth, terminal applications will continue to upgrade, and customer requirements for main control chips will further enhance. The company adheres to the global strategy of brand customers and timely launched a series of Asia Vets wearable chips such as BES2800, BES2700iBP, and BES2700iMP, which can adapt to various customer needs, leading to further market share increase in smart Bluetooth headphones and smartwatches, with revenue experiencing rapid growth. Wearable products.

Gelonghui FinanceJan 23 03:59 ET

Bestechnic Shanghai's 2024 Profit to Soar Up to 280%

MT NewswiresJan 22 22:31 ET

Hengxuan Technology: 2024 Annual Results Forecast

SZSIJan 22 11:00 ET · Announcements

2024 Annual Results Forecast

SZSIJan 22 11:00 ET · Announcements

Bestechnic (Shanghai) Co., Ltd. (688608.SH): Net profit for 2024 is expected to increase by 264.00% to 280.18%.

Gelonghui January 22丨Bestechnic (Shanghai) Co., Ltd. (688608.SH) announced the annual performance forecast for 2024. According to preliminary calculations by the finance department, it is expected that the net income attributable to the owners of the parent company will be between 450 million yuan and 470 million yuan, a year-on-year increase of 264.00% to 280.18%. According to preliminary calculations by the finance department, the net income attributable to the owners of the parent company, excluding non-recurring gains and losses, is expected to be between 384 million yuan and 404 million yuan, a year-on-year increase of 1,242.08% to 1,311.98%. During the reporting period, the company's gross margin stabilized and recovered.

Gelonghui FinanceJan 22 05:13 ET