Wuxi NCE PowerLtd Third Quarter 2024 Earnings: Misses Expectations

Wuxi NCE PowerLtd (SHSE:605111) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥482.2m (up 40% from 3Q 2023).
• Net income: CN¥114.6m (up 70% from 3Q 2023).
• Profit margin: 24% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.28 (up from CN¥0.16 in 3Q 2023).

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

Wuxi NCE PowerLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 16% 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 3.2% 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've done some analysis and you can see our take on Wuxi NCE PowerLtd's balance sheet.

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