Stock Analysis

Wingtech TechnologyLtd Third Quarter 2024 Earnings: Beats Expectations

SHSE:600745
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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).
earnings-and-revenue-growth
SHSE:600745 Earnings and Revenue Growth October 27th 2024

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.

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