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- SZSE:002415
Hangzhou Hikvision Digital Technology Second Quarter 2024 Earnings: Misses Expectations
Hangzhou Hikvision Digital Technology (SZSE:002415) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥23.4b (up 9.5% from 2Q 2023).
- Net income: CN¥3.72b (down 5.6% from 2Q 2023).
- Profit margin: 16% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.32 (down from CN¥0.36 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hangzhou Hikvision Digital Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 27%.
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 1.3% from a week ago.
Valuation
It's possible that Hangzhou Hikvision Digital Technology could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
Valuation is complex, but we're here to simplify it.
Discover if Hangzhou Hikvision Digital Technology might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About SZSE:002415
Hangzhou Hikvision Digital Technology
Hangzhou Hikvision Digital Technology Co., Ltd.
Very undervalued with flawless balance sheet and pays a dividend.