High Growth Tech Stocks to Watch in December 2024

As global markets navigate a complex landscape marked by rate cuts from the ECB and SNB, and anticipation of a similar move by the Federal Reserve, technology stocks continue to capture investor attention with the Nasdaq Composite reaching new heights. In this environment, high growth tech stocks stand out for their potential to outperform due to their innovative capabilities and adaptability in rapidly changing economic conditions.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Material Group	20.45%	24.01%	★★★★★★
Seojin SystemLtd	35.41%	39.86%	★★★★★★
Yggdrazil Group	30.20%	87.10%	★★★★★★
eWeLLLtd	27.24%	28.74%	★★★★★★
Medley	25.57%	31.67%	★★★★★★
Mental Health TechnologiesLtd	25.83%	113.12%	★★★★★★
Fine M-TecLTD	36.52%	131.08%	★★★★★★
Initiator Pharma	73.95%	31.67%	★★★★★★
Elliptic Laboratories	70.09%	111.37%	★★★★★★
JNTC	29.48%	104.37%	★★★★★★

Click here to see the full list of 1262 stocks from our High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Guangzhou Haige Communications Group (SZSE:002465)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Guangzhou Haige Communications Group Incorporated Company operates in wireless communications, Beidou navigation, aerospace, and digital intelligence ecology sectors in China, with a market cap of approximately CN¥29.19 billion.

Operations: Haige Communications generates revenue primarily from its operations in wireless communications, Beidou navigation, aerospace, and digital intelligence ecology sectors. The company focuses on leveraging advanced technologies to enhance its offerings across these areas.

Guangzhou Haige Communications Group, despite a recent dip in earnings and revenue, showcases robust future growth prospects with expected annual revenue and earnings growth rates of 21% and 37.3%, respectively—outpacing the broader Chinese market averages of 13.7% for revenue and 25.7% for earnings. This performance is underpinned by significant R&D investment, aligning with the company's strategic focus on enhancing its technological capabilities in the communications sector. However, it's important to note that past financial results were impacted by a large one-off gain of CN¥118.1 million, skewing the true operational performance slightly. Looking ahead, these aggressive growth forecasts combined with ongoing innovation efforts could position Guangzhou Haige favorably within the competitive tech landscape.

• Get an in-depth perspective on Guangzhou Haige Communications Group's performance by reading our health report here.

• Learn about Guangzhou Haige Communications Group's historical performance.

Perfect World (SZSE:002624)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Perfect World Co., Ltd. operates in the online games and movies and television sectors in China, with a market cap of CN¥22.89 billion.

Operations: The company focuses on the online games and movies and television industries in China. It generates revenue primarily from these sectors, leveraging its market presence to cater to a diverse audience.

Perfect World's recent financial performance reveals challenges, with a significant revenue drop to CNY 4.07 billion from CNY 6.20 billion year-over-year and a shift to a net loss of CNY 388.81 million from a prior net profit of CNY 614.71 million. Despite these hurdles, the company actively repurchased shares, spending CNY 42.89 million to buy back stock, reflecting confidence in its future prospects. Notably, Perfect World is poised for recovery with expected revenue growth at an annual rate of 19.7%, outpacing the broader Chinese market forecast of 13.7%. This optimistic outlook is bolstered by forecasts suggesting profitability within three years and earnings growth potentially surging by approximately 109% annually, signaling robust potential in its operational pivot and market strategy adjustments.

• Take a closer look at Perfect World's potential here in our health report.

• Review our historical performance report to gain insights into Perfect World's's past performance.

Suzhou TFC Optical Communication (SZSE:300394)

Simply Wall St Growth Rating: ★★★★★★

Overview: Suzhou TFC Optical Communication Co., Ltd. specializes in the development and production of optical communication devices, with a market capitalization of CN¥54.70 billion.

Operations: The company generates revenue primarily from its optical communication device segment, which accounts for CN¥3.12 billion. This segment is a significant contributor to its overall financial performance.

Suzhou TFC Optical Communication has demonstrated a robust financial trajectory, with its earnings surging by 124.3% over the past year and revenue growth forecasted at an impressive 35.7% annually, significantly outpacing the broader Chinese market's 13.7%. This growth is underpinned by substantial R&D investments that reinforce its competitive edge in the optical communication sector. The firm's recent declaration of a CNY 5 per 10 shares dividend reflects its strong cash position and commitment to shareholder returns, further evidenced by a net income jump to CNY 976.45 million from CNY 439.08 million year-over-year. As it continues to innovate and expand within the tech landscape, Suzhou TFC stands poised for continued success in a rapidly evolving industry.

• Delve into the full analysis health report here for a deeper understanding of Suzhou TFC Optical Communication.

• Evaluate Suzhou TFC Optical Communication's historical performance by accessing our past performance report.

Taking Advantage

• Explore the 1262 names from our High Growth Tech and AI Stocks screener here.
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Ready To Venture Into Other Investment Styles?

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• Find companies with promising cash flow potential yet trading below their fair value.

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.

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