Focus Lightings Tech First Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.01 loss in 1Q 2023)

Focus Lightings Tech (SZSE:300708) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥600.5m (up 11% from 1Q 2023).
• Net income: CN¥48.1m (up from CN¥7.59m loss in 1Q 2023).
• Profit margin: 8.0% (up from net loss in 1Q 2023).
• EPS: CN¥0.07 (up from CN¥0.01 loss in 1Q 2023).

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

Focus Lightings Tech Earnings Insights

Looking ahead, revenue is forecast to grow 14% 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 up 3.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Focus Lightings Tech that you should be aware of.

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