Stock Analysis

Wuxi NCE PowerLtd Third Quarter 2024 Earnings: Misses Expectations

Published
SHSE:605111

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).
SHSE:605111 Earnings and Revenue Growth October 31st 2024

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.

Valuation is complex, but we're here to simplify it.

Discover if Wuxi NCE PowerLtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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