Jiangsu Pacific Quartz Second Quarter 2024 Earnings: EPS: CN¥0.18 (vs CN¥3.00 in 2Q 2023)

Jiangsu Pacific Quartz (SHSE:603688) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥343.3m (down 85% from 2Q 2023).
• Net income: CN¥98.4m (down 94% from 2Q 2023).
• Profit margin: 29% (down from 73% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.18 (down from CN¥3.00 in 2Q 2023).

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

Jiangsu Pacific Quartz Earnings Insights

Looking ahead, revenue is forecast to grow 17% 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 8.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Jiangsu Pacific Quartz's balance sheet and an in-depth analysis of the company's financial position.

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