Zhen Ding Technology Holding Third Quarter 2024 Earnings: Revenues Beat Expectations

Zhen Ding Technology Holding (TWSE:4958) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$50.6b (up 21% from 3Q 2023).
• Net income: NT$3.35b (up 48% from 3Q 2023).
• Profit margin: 6.6% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue.

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

Zhen Ding Technology Holding Revenues Beat Expectations

Revenue exceeded analyst estimates by 8.5%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Zhen Ding Technology Holding that you should be aware of.

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