BaTeLab Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

BaTeLab (HKG:2149) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥578.8m (up 25% from FY 2023).
• Net income: CN¥166.6m (up 53% from FY 2023).
• Profit margin: 29% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥2.78 (up from CN¥2.42 in FY 2023).

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

BaTeLab EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for BaTeLab that you need to take into consideration.

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