- Gotion’s net income for the fiscal year reached 1.21 billion yuan, marking a 29% increase compared to the previous year.
- The net income figure significantly beat estimates, which were projected at 844.8 million yuan.
- Reported revenue was 35.4 billion yuan, up 12% year-over-year, though slightly lower than the estimated 36.83 billion yuan.
- Revenue from power batteries was 25.6 billion yuan, just below the estimated 26.12 billion yuan.
- Revenue from energy storage batteries amounted to 7.83 billion yuan, under the forecasted 8.27 billion yuan.
- Revenue from power transmission products was 456.8 million yuan, which fell short of the expected 796.1 million yuan.
- Other business segments generated revenue of 1.46 billion yuan, exceeding projections of 936.8 million yuan.
- Earnings per share (EPS) increased to 68 RMB cents, compared to 53 RMB cents last year.
- A final dividend of 10 RMB cents per share was declared.
- Market analysts have suggested 17 buys, 5 holds, and 1 sell recommendations for Gotion.
A look at Gotion High-tech Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Analysts using Smartkarma Smart Scores have evaluated Gotion High-tech, with overall scores reflecting a positive outlook for the company. Gotion High-tech, a company specializing in the research, development, and manufacturing of lithium batteries, received high scores in Growth and Value factors, pointing towards strong potential for expansion and a solid financial standing. While the company scored lower in Dividend and Resilience factors, its momentum score indicates a moderate level of market traction. These scores collectively suggest a promising long-term outlook for Gotion High-tech in the competitive battery industry.
Gotion High-tech Co., Ltd is known for its focus on lithium batteries, particularly lithium-ion batteries and power lithium battery sets. The company’s products cater to a wide range of sectors including electric commercial vehicles, passenger cars, and power stations. With strengths in growth and value, Gotion High-tech is positioned to capitalize on its innovative battery technologies and diverse product offerings to drive future success and maintain a competitive edge in the market.
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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