Forehope Electronic (Ningbo) Third Quarter 2024 Earnings: EPS: CN¥0.065 (vs CN¥0.10 loss in 3Q 2023)

Forehope Electronic (Ningbo) (SHSE:688362) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥922.1m (up 42% from 3Q 2023).
• Net income: CN¥30.3m (up from CN¥41.0m loss in 3Q 2023).
• Profit margin: 3.3% (up from net loss in 3Q 2023).
• EPS: CN¥0.065 (up from CN¥0.10 loss in 3Q 2023).

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

Forehope Electronic (Ningbo) Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Forehope Electronic (Ningbo) (1 doesn't sit too well with us) you should be aware of.

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