Shenzhen Fortune Trend technology Third Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.44 in 3Q 2023)

Shenzhen Fortune Trend technology (SHSE:688318) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥62.7m (down 38% from 3Q 2023).
• Net income: CN¥43.6m (down 45% from 3Q 2023).
• Profit margin: 70% (down from 79% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.24 (down from CN¥0.44 in 3Q 2023).

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

Shenzhen Fortune Trend technology Earnings Insights

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Shenzhen Fortune Trend technology.

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