Beijing Huafeng Test & Control TechnologyLtd Third Quarter 2024 Earnings: Misses Expectations

Beijing Huafeng Test & Control TechnologyLtd (SHSE:688200) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥242.1m (up 76% from 3Q 2023).
• Net income: CN¥100.6m (up 181% from 3Q 2023).
• Profit margin: 42% (up from 26% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.57 (up from CN¥0.26 in 3Q 2023).

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

Beijing Huafeng Test & Control TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 7.4%.

Looking ahead, revenue is forecast to grow 26% 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 1.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Beijing Huafeng Test & Control TechnologyLtd has 1 warning sign we think you should be aware of.

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