Inspur Electronic Information Industry Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Inspur Electronic Information Industry (SZSE:000977) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥41.1b (up 76% from 3Q 2023).
• Net income: CN¥697.3m (up 51% from 3Q 2023).
• Profit margin: 1.7% (down from 2.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.47 (up from CN¥0.26 in 3Q 2023).

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

Inspur Electronic Information Industry Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 7.2% 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 8.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Inspur Electronic Information Industry you should know about.

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