Advanced Micro-Fabrication Equipment China Third Quarter 2024 Earnings: Misses Expectations

Advanced Micro-Fabrication Equipment China (SHSE:688012) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.06b (up 36% from 3Q 2023).
• Net income: CN¥396.3m (up 153% from 3Q 2023).
• Profit margin: 19% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.64 (up from CN¥0.25 in 3Q 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 7.4%. Earnings per share (EPS) also missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 24% 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 up 6.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Advanced Micro-Fabrication Equipment China (at least 1 which is a bit concerning), and understanding them should be part of your investment process.

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