Hwatsing Technology Third Quarter 2024 Earnings: Beats Expectations

Hwatsing Technology (SHSE:688120) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥955.0m (up 58% from 3Q 2023).
• Net income: CN¥288.1m (up 52% from 3Q 2023).
• Profit margin: 30% (down from 31% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.21 (up from CN¥0.80 in 3Q 2023).

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

Hwatsing Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

Be aware that Hwatsing Technology is showing 1 warning sign in our investment analysis that you should know about...

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