Beijing Tricolor Technology Third Quarter 2024 Earnings: EPS: CN¥0.061 (vs CN¥0.02 in 3Q 2023)

Beijing Tricolor Technology (SHSE:603516) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥92.9m (down 22% from 3Q 2023).
• Net income: CN¥12.3m (up 146% from 3Q 2023).
• Profit margin: 13% (up from 4.2% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.061 (up from CN¥0.02 in 3Q 2023).

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

Beijing Tricolor Technology Earnings Insights

Looking ahead, revenue is forecast to grow 32% 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 8.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Beijing Tricolor Technology, and understanding these should be part of your investment process.

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