Earnings Alerts

Guangzhou Tinci Materials Technlgy (002709) Earnings Fall Amid Increased Competition in New Energy Industry

  • Guangzhou Tinci’s preliminary net income for the first half of 2024 is estimated between 210 million yuan and 260 million yuan.
  • The company states that the decline in net income is due to increasing competition within the new energy industry.
  • Analyst ratings include:
    • 20 buy recommendations
    • 2 hold recommendations
    • 3 sell recommendations

A look at Guangzhou Tinci Materials Technlgy Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum2
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Guangzhou Tinci Materials Technology Company Limited, a company focusing on the development and sale of fine chemicals and new materials, has garnered a positive long-term outlook based on Smartkarma’s Smart Scores. With solid ratings across various factors, including dividends, growth, and resilience, the company appears set for steady progress in the foreseeable future. While its value score indicates a good standing, the momentum factor lags slightly behind, suggesting potential areas for improvement in terms of market momentum.

Specializing in personal care materials, lithium-ion battery materials, and organic silicon rubber materials, Guangzhou Tinci Materials Technology is positioned in key sectors poised for growth. Its high scores in both dividend and growth underscore a promising trajectory for the company. Despite a slightly lower momentum score, the overall outlook remains optimistic, indicating a company with a strong foundation and potential for further expansion and success.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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