Appotronics Third Quarter 2024 Earnings: Misses Expectations

Appotronics (SHSE:688007) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥638.2m (up 11% from 3Q 2023).
• Net income: CN¥32.0m (down 40% from 3Q 2023).
• Profit margin: 5.0% (down from 9.3% in 3Q 2023).
• EPS: CN¥0.094 (down from CN¥0.12 in 3Q 2023).

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

Appotronics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 20% 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 4.5% from a week ago.

Risk Analysis

Be aware that Appotronics is showing 3 warning signs in our investment analysis that you should know about...

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