Hangzhou Hikvision Digital Technology Third Quarter 2024 Earnings: Misses Expectations

Hangzhou Hikvision Digital Technology (SZSE:002415) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥23.8b (flat on 3Q 2023).
• Net income: CN¥2.47b (down 20% from 3Q 2023).
• Profit margin: 10% (down from 13% in 3Q 2023).
• EPS: CN¥0.36 (down from CN¥0.40 in 3Q 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 9.7%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 13% 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 7.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Hangzhou Hikvision Digital Technology that you need to take into consideration.

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