Yuanjie Semiconductor Technology Third Quarter 2024 Earnings: Revenues Miss Expectations

Yuanjie Semiconductor Technology (SHSE:688498) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥58.0m (up 82% from 3Q 2023).
• Net loss: CN¥11.3m (down from CN¥2.06m profit in 3Q 2023).

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

Yuanjie Semiconductor Technology Revenues Disappoint

Revenue missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 41% 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 18% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Yuanjie Semiconductor Technology.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.