Guangzhou Shiyuan Electronic Technology Full Year 2024 Earnings: Misses Expectations

Guangzhou Shiyuan Electronic Technology (SZSE:002841) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥22.5b (up 11% from FY 2023).
• Net income: CN¥971.7m (down 29% from FY 2023).
• Profit margin: 4.3% (down from 6.8% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.41 (down from CN¥1.97 in FY 2023).

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

Guangzhou Shiyuan Electronic Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 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 2.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Guangzhou Shiyuan Electronic Technology that you need to be mindful of.

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