AVIC (Chengdu)UAS Full Year 2024 Earnings: Misses Expectations

AVIC (Chengdu)UAS (SHSE:688297) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥685.2m (down 74% from FY 2023).
• Net loss: CN¥53.9m (down by 118% from CN¥302.6m profit in FY 2023).
• CN¥0.08 loss per share (down from CN¥0.45 profit in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

AVIC (Chengdu)UAS Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 59%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 64% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are down 4.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on AVIC (Chengdu)UAS' balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.