Guobo Electronics Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.24 in 3Q 2023)

Guobo Electronics (SHSE:688375) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥511.0m (down 44% from 3Q 2023).
• Net income: CN¥61.9m (down 56% from 3Q 2023).
• Profit margin: 12% (down from 16% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.10 (down from CN¥0.24 in 3Q 2023).

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

Guobo Electronics Earnings Insights

Looking ahead, revenue is forecast to grow 28% 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 7.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Guobo Electronics that you need to take into consideration.

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