Southchip Semiconductor Technology(Shanghai) Third Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.19 in 3Q 2023)

Simply Wall St

November 01, 2024

Southchip Semiconductor Technology(Shanghai) (SHSE:688484) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥649.0m (up 19% from 3Q 2023).
Net income: CN¥66.6m (down 16% from 3Q 2023).
Profit margin: 10% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.16 (down from CN¥0.19 in 3Q 2023).

earnings-and-revenue-growth — SHSE:688484 Earnings and Revenue Growth November 1st 2024

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

Southchip Semiconductor Technology(Shanghai) Earnings Insights

Looking ahead, revenue is forecast to grow 22% 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 5.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Southchip Semiconductor Technology(Shanghai) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.