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Xi'an Actionpower Electric Third Quarter 2024 Earnings: EPS: CN¥0.024 (vs CN¥1.31 in 3Q 2023)
Xi'an Actionpower Electric (SHSE:688719) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥195.7m (down 4.7% from 3Q 2023).
- Net income: CN¥2.63m (down 93% from 3Q 2023).
- Profit margin: 1.3% (down from 18% in 3Q 2023).
- EPS: CN¥0.024 (down from CN¥1.31 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xi'an Actionpower Electric Earnings Insights
Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 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 1.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Xi'an Actionpower Electric you should be aware of, and 1 of them is potentially serious.
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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:688719
Xi'an Actionpower Electric
Engages in the research and development, production, and sale of power supply and quality control equipment in China.
High growth potential with excellent balance sheet.