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

Yusys Technologies (SZSE:300674) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥860.9m (down 23% from 3Q 2023).
• Net income: CN¥99.2m (up from CN¥5.18m loss in 3Q 2023).
• Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: CN¥0.15 (up from CN¥0.007 loss in 3Q 2023).

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

Yusys Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Yusys Technologies (1 shouldn't be ignored!) that you should be aware of before investing here.

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