Zhenji's Earnings per Share Decreased by Over 39% in Two Months

Reported 3 months ago

Zhang Ruiyi/Taipei reported on July 17, 2024, that the internet communication company Zhenji (6546) announced its self-financial data for June. The company's operation has been slowing down this year, resulting in earnings per share after tax of 0.29 yuan in June, a 56.06% year-on-year decline. The cumulative earnings per share after tax for May and June were 0.56 yuan, a 39.78% year-on-year decrease. However, with the gradual clearance of inventory in the European and American internet communication markets, the market expects wireless communication product demand to rise, benefiting the company's second-half performance. Zhenji's combined revenue for May and June reached 408 million yuan, a slight growth of 2.26% year-on-year. Despite the challenges faced in the consumer electronics market, the company is optimistic about a recovery in the second half of the year due to increased demand for consumer electronic products and expanding into telecom project orders, automotive electronics, and artificial intelligence applications.

Source: YAHOO

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