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

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).

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.

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