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

Simply Wall St

April 30, 2025

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).

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revenue-and-expenses-breakdown — SEHK:2149 Revenue and Expenses Breakdown April 30th 2025

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%.

In the last 12 months, the only revenue segment was Sales of Analog IC Patterned Wafers and Electronic Components contributing CN¥578.8m. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥129.2m (77% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥26.7m. Explore how 2149's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for BaTeLab that you should be aware of before investing here.

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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.