Qingdao Gaoce Technology Third Quarter 2024 Earnings: CN¥0.13 loss per share (vs CN¥0.84 profit in 3Q 2023)

Qingdao Gaoce Technology (SHSE:688556) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥785.4m (down 54% from 3Q 2023).
• Net loss: CN¥67.4m (down by 115% from CN¥458.8m profit in 3Q 2023).
• CN¥0.13 loss per share (down from CN¥0.84 profit in 3Q 2023).

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

Qingdao Gaoce Technology Earnings Insights

Looking ahead, revenue is forecast to grow 11% 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 1.2% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Qingdao Gaoce Technology (including 3 which don't sit too well with us).

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