Ningbo Joyson Electronic Full Year 2024 Earnings: Misses Expectations

Ningbo Joyson Electronic (SHSE:600699) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥55.9b (flat on FY 2023).
• Net income: CN¥960.5m (down 11% from FY 2023).
• Profit margin: 1.7% (down from 1.9% in FY 2023).
• EPS: CN¥0.69 (down from CN¥0.78 in FY 2023).

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

Ningbo Joyson Electronic Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Ningbo Joyson Electronic (1 doesn't sit too well with us) you should be aware of.

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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.