Stock Analysis
- Taiwan
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- Electronic Equipment and Components
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- TWSE:4958
Zhen Ding Technology Holding Second Quarter 2024 Earnings: Beats Expectations
Zhen Ding Technology Holding (TWSE:4958) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$32.4b (up 38% from 2Q 2023).
- Net income: NT$485.9m (up from NT$89.7m loss in 2Q 2023).
- Profit margin: 1.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
- EPS: NT$0.51 (up from NT$0.095 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhen Ding Technology Holding Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan.
Performance of the Taiwanese Electronic industry.
The company's shares are down 4.7% from a week ago.
Valuation
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About TWSE:4958
Zhen Ding Technology Holding
Engages in the design, development, manufacturing, and sales of printed circuit boards (PCB) products in the United States, Mainland China, Taiwan, Singapore, and internationally.