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9616 — Neutech News Story

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China's Neutech Group half-year revenue rises 1.7%

China's Neutech Group half-year revenue rises 1.7%


Overview

  • China technology group's half-year revenue rose 1.7% yr/yr to RMB961.1 mln

  • Net profit attributable to owners increased 2.6% yr/yr to RMB209.3 mln

  • Gross and adjusted net profit margins remained stable over the period


Outlook

  • Neutech Group did not provide specific guidance or outlook for future periods


Result Drivers

  • MODEST REVENUE GROWTH - Co reported a 1.7% yr/yr increase in revenue

  • STABLE MARGINS - Gross profit margin and adjusted net profit margin remained unchanged yr/yr


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 961.10 mln

H1 Net Income Attributable

RMB 209.30 mln


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the schools, colleges & universities peer group is "buy"

  • Wall Street's median 12-month price target for Neutech Group Ltd is HK$3.00, about 41.5% above its August 25 closing price of HK$2.12

  • The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago


Reuters Recommended Reads

  • Aug 24 - China's Q Technology H1 net profit falls 10.5% as margin declines

  • Aug 24 - Chinese ad-tech firm Mobvista's H1 revenue rises on Mintegral platform strength

  • Aug 25 - China robot maker Unitree's post-listing slump sparks bubble fears


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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