Vanchip (Tianjin) Technology Third Quarter 2024 Earnings: Misses Expectations

Vanchip (Tianjin) Technology (SHSE:688153) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥420.3m (down 42% from 3Q 2023).
• Net loss: CN¥43.4m (down by 175% from CN¥57.7m profit in 3Q 2023).
• CN¥0.096 loss per share (down from CN¥0.14 profit in 3Q 2023).

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

Vanchip (Tianjin) Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 59%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 27% 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 down 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Vanchip (Tianjin) Technology (2 are a bit unpleasant!) that you need to be mindful of.

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