Gotion High-techLtd Third Quarter 2024 Earnings: Misses Expectations

Gotion High-techLtd (SZSE:002074) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.38b (up 28% from 3Q 2023).
• Net income: CN¥141.2m (up 70% from 3Q 2023).
• Profit margin: 1.7% (up from 1.3% in 3Q 2023).
• EPS: CN¥0.08 (up from CN¥0.042 in 3Q 2023).

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

Gotion High-techLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

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

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Gotion High-techLtd that you should be aware of.

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