Hundsun Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

October 31, 2024

Hundsun Technologies (SHSE:600570) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥1.35b (down 12% from 3Q 2023).
Net income: CN¥415.6m (up 159% from 3Q 2023).
Profit margin: 31% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: CN¥0.23 (up from CN¥0.085 in 3Q 2023).

earnings-and-revenue-growth — SHSE:600570 Earnings and Revenue Growth October 31st 2024

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

Hundsun Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are up 1.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Hundsun Technologies' balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're here to simplify it.

Discover if Hundsun Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.