Anker Innovations Third Quarter 2024 Earnings: Beats Expectations

Anker Innovations (SZSE:300866) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.80b (up 44% from 3Q 2023).
• Net income: CN¥599.4m (up 52% from 3Q 2023).
• Profit margin: 8.8% (up from 8.3% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.13 (up from CN¥0.75 in 3Q 2023).

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

Anker Innovations Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China.

Performance of the Chinese Tech industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Anker Innovations that we have uncovered.

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