- China
- /
- Electronic Equipment and Components
- /
- SZSE:300476
Victory Giant Technology (HuiZhou)Co.Ltd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Victory Giant Technology (HuiZhou)Co.Ltd (SZSE:300476) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.46b (up 29% from 2Q 2023).
- Net income: CN¥249.4m (up 14% from 2Q 2023).
- Profit margin: 10% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.29 (up from CN¥0.27 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Victory Giant Technology (HuiZhou)Co.Ltd EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 21% 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 9.2% from a week ago.
Risk Analysis
Be aware that Victory Giant Technology (HuiZhou)Co.Ltd is showing 1 warning sign in our investment analysis that you should know about...
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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:300476
Victory Giant Technology (HuiZhou)Co.Ltd
Victory Giant Technology (HuiZhou)Co.,Ltd.
High growth potential with excellent balance sheet.