Wus Printed Circuit (Kunshan) Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Wus Printed Circuit (Kunshan) (SZSE:002463) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥13.3b (up 49% from FY 2023).
• Net income: CN¥2.59b (up 71% from FY 2023).
• Profit margin: 19% (up from 17% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.35 (up from CN¥0.79 in FY 2023).

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

Wus Printed Circuit (Kunshan) Revenues Beat Expectations

Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Printed Circuit Board segment contributing a total revenue of CN¥12.8b (96% of total revenue). Notably, cost of sales worth CN¥8.90b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥782.7m (42% of total expenses). Explore how 002463's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% 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 down 4.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Wus Printed Circuit (Kunshan) (including 1 which doesn't sit too well with us).

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