China Leadshine Technology Third Quarter 2023 Earnings: EPS: CN¥0.057 (vs CN¥0.35 in 3Q 2022)

China Leadshine Technology (SZSE:002979) Third Quarter 2023 Results

Key Financial Results

• Revenue: CN¥340.8m (up 28% from 3Q 2022).
• Net income: CN¥16.9m (down 83% from 3Q 2022).
• Profit margin: 4.9% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.057 (down from CN¥0.35 in 3Q 2022).

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

China Leadshine Technology Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for China Leadshine Technology that you need to be mindful of.

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