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- SHSE:688012
Advanced Micro-Fabrication Equipment China Second Quarter 2024 Earnings: Misses Expectations
Advanced Micro-Fabrication Equipment China (SHSE:688012) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.84b (up 41% from 2Q 2023).
- Net income: CN¥267.6m (down 63% from 2Q 2023).
- Profit margin: 14% (down from 56% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.44 (down from CN¥1.18 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Advanced Micro-Fabrication Equipment China Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 23% 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 11% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Advanced Micro-Fabrication Equipment China that you need to be mindful of.
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About SHSE:688012
Advanced Micro-Fabrication Equipment China
Advanced Micro-Fabrication Equipment Inc.
High growth potential with adequate balance sheet.