Shenzhen Goodix Technology Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Shenzhen Goodix Technology (SHSE:603160) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.04b (down 12% from 2Q 2023).
• Net income: CN¥154.8m (up by CN¥152.0m from 2Q 2023).
• Profit margin: 15% (up from 0.2% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.34 (up from CN¥0.006 in 2Q 2023).

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

Shenzhen Goodix Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 55%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 1.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Shenzhen Goodix Technology's balance sheet health.

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