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
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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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