Piotech Third Quarter 2024 Earnings: EPS: CN¥0.53 (vs CN¥0.54 in 3Q 2023)

Piotech (SHSE:688072) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.01b (up 45% from 3Q 2023).
• Net income: CN¥142.2m (down 2.9% from 3Q 2023).
• Profit margin: 14% (down from 21% in 3Q 2023).
• EPS: CN¥0.53 (down from CN¥0.54 in 3Q 2023).

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

Piotech Earnings Insights

Looking ahead, revenue is forecast to grow 32% 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 2.8% 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 Piotech (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.

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