Ningbo Joyson Electronic Third Quarter 2024 Earnings: Misses Expectations

Ningbo Joyson Electronic (SHSE:600699) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥14.1b (down 1.7% from 3Q 2023).
• Net income: CN¥304.7m (flat on 3Q 2023).
• Profit margin: 2.2% (in line with 3Q 2023).
• EPS: CN¥0.22 (up from CN¥0.21 in 3Q 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 18%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 4 years, compared to a 18% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Be aware that Ningbo Joyson Electronic is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

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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.