EmbedWay Technologies (Shanghai) First Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.055 in 1Q 2023)

EmbedWay Technologies (Shanghai) (SHSE:603496) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥259.5m (up 57% from 1Q 2023).
• Net income: CN¥40.4m (up 130% from 1Q 2023).
• Profit margin: 16% (up from 11% in 1Q 2023).
• EPS: CN¥0.13 (up from CN¥0.055 in 1Q 2023).

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

EmbedWay Technologies (Shanghai) Earnings Insights

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for EmbedWay Technologies (Shanghai) that you should be aware of before investing here.

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