Yuanjie Semiconductor Technology Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/30 22:42

Yuanjie Semiconductor Technology (SHSE:688498) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥60.1m (up 127% from 2Q 2023).
  • Net income: CN¥216.3k (down 97% from 2Q 2023).
  • Profit margin: 0.4% (down from 28% in 2Q 2023).
  • EPS: CN¥0.003 (down from CN¥0.089 in 2Q 2023).
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SHSE:688498 Earnings and Revenue Growth August 30th 2024

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

Yuanjie Semiconductor Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 97%.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Yuanjie Semiconductor Technology that you need to be mindful of.