Earnings Alerts

Earnings Report: Jiangsu Zhongtian Technologies Co, Ltd. (600522) Scores 1Q Net Income of 636.1M Yuan

  • Zhongtian Tech witnessed a net income amounting to 636.1 million yuan in the 1st Quarter of 2024.
  • The revenue for the same period stood at 8.24 billion yuan.
  • The company currently enjoys a favorable investor sentiment with 19 buys, zero holds, and zero sells.


Jiangsu Zhongtian Technologies Co, Ltd. on Smartkarma

Analyst coverage of Jiangsu Zhongtian Technologies Co, Ltd. on Smartkarma by Brian Freitas anticipates potential changes in the CSI300 Index for June. In his report titled “CSI300 Index Rebalance Preview: A Dozen Changes for June,” Freitas forecasts 12 changes for the index with a one-way turnover of 1.3% and a trade volume of US$703m. Despite significant inflows to passive CSI300 trackers, the potential additions to the index have demonstrated strong performance. As the review period progresses, it is expected that there will be 12 changes for the Shanghai Shenzhen CSI 300 Index in June, with estimated turnover and trade amounts of 1.3% and CNY 5.06bn respectively. Notably, many stocks with trading volumes exceeding 1x Average Daily Volume (ADV) are poised for potential trades amid substantial ETF inflows into the CSI 300 Index trackers.


A look at Jiangsu Zhongtian Technologies Co, Ltd. Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.8

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

Based on Smartkarma Smart Scores, Jiangsu Zhongtian Technologies Co, Ltd. shows a positive long-term outlook. The company scores highly in Value, Growth, Resilience, and Momentum, indicating a strong overall performance across different factors. With a high value score of 4, the company is deemed to be undervalued compared to its market price, promising potential for investors seeking value in their portfolio.

Furthermore, Jiangsu Zhongtian Technologies Co, Ltd. also demonstrates solid Growth, Resilience, and Momentum scores of 4 each. This suggests that the company has robust growth prospects, a resilient business model, and a positive market momentum, making it an attractive option for investors looking for stable and growing returns in the long run. Overall, Smartkarma Smart Scores point towards a favorable outlook for Jiangsu Zhongtian Technologies Co, Ltd.

#### Summary: Jiangsu Zhongtian Technology Co., Ltd. manufactures and markets optic cables, optic fibers, electric cable materials and accessories, related components, and related controlling systems. ###


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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