National Silicon Industry GroupLtd Second Quarter 2024 Earnings: Misses Expectations

National Silicon Industry GroupLtd (SHSE:688126) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥844.6m (up 9.6% from 2Q 2023).
• Net loss: CN¥190.8m (down by 331% from CN¥82.6m profit in 2Q 2023).
• CN¥0.069 loss per share (down from CN¥0.031 profit in 2Q 2023).

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

National Silicon Industry GroupLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 19% 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 2.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on National Silicon Industry GroupLtd's balance sheet.

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