JoulWatt Technology Full Year 2024 Earnings: Misses Expectations

JoulWatt Technology (SHSE:688141) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.69b (up 30% from FY 2023).
• Net loss: CN¥597.8m (loss widened by 13% from FY 2023).
• CN¥1.34 loss per share (further deteriorated from CN¥1.19 loss in FY 2023).

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

JoulWatt Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for JoulWatt Technology that you should be aware of.

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