Shanghai BOCHU Electronic Technology Third Quarter 2024 Earnings: EPS Misses Expectations

Shanghai BOCHU Electronic Technology (SHSE:688188) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥417.2m (up 26% from 3Q 2023).
• Net income: CN¥234.6m (up 12% from 3Q 2023).
• Profit margin: 56% (down from 64% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.14 (up from CN¥1.03 in 3Q 2023).

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

Shanghai BOCHU Electronic Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 29% 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 down 6.4% from a week ago.

Risk Analysis

Be aware that Shanghai BOCHU Electronic Technology is showing 1 warning sign in our investment analysis that you should know about...

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