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- SZSE:002990
Maxvision Technology Third Quarter 2024 Earnings: EPS: CN¥0.09 (vs CN¥0.17 in 3Q 2023)
Maxvision Technology (SZSE:002990) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥279.0m (down 18% from 3Q 2023).
- Net income: CN¥23.1m (down 47% from 3Q 2023).
- Profit margin: 8.3% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.09 (down from CN¥0.17 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Maxvision Technology Earnings Insights
Looking ahead, revenue is forecast to grow 32% 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 share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Maxvision Technology (1 is potentially serious) you should be aware of.
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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:002990
Maxvision Technology
Engages in the research of artificial intelligence, big data, internet of things, and other information technology solutions.
High growth potential with excellent balance sheet.