StarPower Semiconductor Third Quarter 2024 Earnings: Revenues Disappoint

StarPower Semiconductor (SHSE:603290) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥881.5m (down 5.3% from 3Q 2023).
• Net income: CN¥148.6m (down 35% from 3Q 2023).
• Profit margin: 17% (down from 25% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.62 (down from CN¥0.95 in 3Q 2023).

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

StarPower Semiconductor Revenues Disappoint

Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for StarPower Semiconductor (of which 1 is a bit unpleasant!) you should know about.

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