EmbedWay Technologies (Shanghai) Third Quarter 2024 Earnings: EPS: CN¥0.022 (vs CN¥0.047 in 3Q 2023)

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

Key Financial Results

• Revenue: CN¥245.0m (up 37% from 3Q 2023).
• Net income: CN¥6.54m (down 56% from 3Q 2023).
• Profit margin: 2.7% (down from 8.4% in 3Q 2023).
• EPS: CN¥0.022 (down from CN¥0.047 in 3Q 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 18% p.a. on average during the next 3 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 4.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with EmbedWay Technologies (Shanghai), and understanding it should be part of your investment process.

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