Shanghai New Vision Microelectronics Third Quarter 2024 Earnings: EPS: CN¥0.021 (vs CN¥0.006 loss in 3Q 2023)

Shanghai New Vision Microelectronics (SHSE:688593) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥111.9m (down 15% from 3Q 2023).
• Net income: CN¥6.79m (up from CN¥2.69m loss in 3Q 2023).
• Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: CN¥0.021 (up from CN¥0.006 loss in 3Q 2023).

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

Shanghai New Vision Microelectronics shares are up 35% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Shanghai New Vision Microelectronics has 2 warning signs we think you should be aware of.

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.