Hisense Visual Technology Third Quarter 2024 Earnings: EPS: CN¥0.37 (vs CN¥0.47 in 3Q 2023)

Hisense Visual Technology (SHSE:600060) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥15.2b (up 5.8% from 3Q 2023).
• Net income: CN¥476.3m (down 20% from 3Q 2023).
• Profit margin: 3.1% (down from 4.1% in 3Q 2023).
• EPS: CN¥0.37 (down from CN¥0.47 in 3Q 2023).

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

Hisense Visual Technology Earnings Insights

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 19% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Hisense Visual Technology that you should be aware of before investing here.

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