BOE Technology Group First Quarter 2024 Earnings: EPS Beats Expectations

BOE Technology Group (SZSE:000725) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥45.9b (up 21% from 1Q 2023).
• Net income: CN¥983.8m (up 298% from 1Q 2023).
• Profit margin: 2.1% (up from 0.7% in 1Q 2023).
• EPS: CN¥0.026 (up from CN¥0.003 in 1Q 2023).

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

BOE Technology Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 12% 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 3.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for BOE Technology Group that you need to take into consideration.

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