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- SHSE:688711
Macmic Science&TechnologyLtd Second Quarter 2024 Earnings: EPS: CN¥0.023 (vs CN¥0.15 in 2Q 2023)
Macmic Science&TechnologyLtd (SHSE:688711) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥390.2m (down 9.9% from 2Q 2023).
- Net income: CN¥4.23m (down 87% from 2Q 2023).
- Profit margin: 1.1% (down from 7.3% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.023 (down from CN¥0.15 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Macmic Science&TechnologyLtd Earnings Insights
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company's shares are down 6.2% 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 Macmic Science&TechnologyLtd (1 shouldn't be ignored!) that you need to be mindful of.
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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.
About SHSE:688711
Macmic Science&TechnologyLtd
Engages in the design, development, production, and sale of power semiconductor chips, single tubes, and modules in Taiwan and internationally.
High growth potential with mediocre balance sheet.