Shenzhen Transsion Holdings Third Quarter 2024 Earnings: Misses Expectations

Shenzhen Transsion Holdings (SHSE:688036) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥16.7b (down 7.2% from 3Q 2023).
• Net income: CN¥1.05b (down 41% from 3Q 2023).
• Profit margin: 6.3% (down from 9.9% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.93 (down from CN¥1.59 in 3Q 2023).

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

Shenzhen Transsion Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China.

Performance of the Chinese Tech industry.

The company's shares are up 1.7% from a week ago.

Valuation

Following the latest earnings results, Shenzhen Transsion Holdings may be undervalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.