Shenzhen Honor Electronic Second Quarter 2024 Earnings: EPS: CN¥0.54 (vs CN¥0.054 in 2Q 2023)

Shenzhen Honor Electronic (SZSE:300870) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥903.4m (up 16% from 2Q 2023).
• Net income: CN¥55.2m (up by CN¥48.6m from 2Q 2023).
• Profit margin: 6.1% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.54 (up from CN¥0.054 in 2Q 2023).

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

Shenzhen Honor Electronic Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Shenzhen Honor Electronic that you should be aware of.

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