- China
- /
- Electronic Equipment and Components
- /
- SHSE:600745
Wingtech TechnologyLtd Third Quarter 2024 Earnings: Beats Expectations
Wingtech TechnologyLtd (SHSE:600745) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥19.6b (up 29% from 3Q 2023).
- Net income: CN¥274.1m (down 67% from 3Q 2023).
- Profit margin: 1.4% (down from 5.5% in 3Q 2023).
- EPS: CN¥0.23 (down from CN¥0.68 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wingtech TechnologyLtd Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.
Performance of the Chinese Electronic industry.
The company's shares are up 11% 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 Wingtech TechnologyLtd's 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 Wingtech TechnologyLtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About SHSE:600745
Wingtech TechnologyLtd
Engages in the research and development and manufacturing of intelligent terminal products in the fields of consumption, industry, and automobiles.
Flawless balance sheet and undervalued.