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.

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