BOE Technology Group Third Quarter 2024 Earnings: EPS Misses Expectations

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

Key Financial Results

• Revenue: CN¥50.3b (up 8.6% from 3Q 2023).
• Net income: CN¥1.03b (up 258% from 3Q 2023).
• Profit margin: 2.0% (up from 0.6% in 3Q 2023).
• EPS: CN¥0.03 (up from CN¥0.004 in 3Q 2023).

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

BOE Technology Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%.

Looking ahead, revenue is forecast to grow 11% 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 9.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for BOE Technology Group that we have uncovered.

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