XiaMen HongXin Electron-tech GroupLtd Third Quarter 2024 Earnings: EPS: CN¥0.012 (vs CN¥0.13 loss in 3Q 2023)

XiaMen HongXin Electron-tech GroupLtd (SZSE:300657) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.41b (up 44% from 3Q 2023).
• Net income: CN¥5.55m (up from CN¥61.1m loss in 3Q 2023).
• Profit margin: 0.4% (up from net loss in 3Q 2023).
• EPS: CN¥0.012 (up from CN¥0.13 loss in 3Q 2023).

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

XiaMen HongXin Electron-tech GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 31% 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 4.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with XiaMen HongXin Electron-tech GroupLtd (at least 1 which is concerning), and understanding them should be part of your investment process.

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