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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