Wuxi ETEK MicroelectronicsLtd Third Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.38 in 3Q 2023)

Wuxi ETEK MicroelectronicsLtd (SHSE:688601) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥193.4m (down 26% from 3Q 2023).
• Net income: CN¥22.1m (down 56% from 3Q 2023).
• Profit margin: 11% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.16 (down from CN¥0.38 in 3Q 2023).

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

Wuxi ETEK MicroelectronicsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 20% 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 3.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Wuxi ETEK MicroelectronicsLtd that you need to be mindful of.

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