StarPower Semiconductor Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:22

StarPower Semiconductor (SHSE:603290) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥728.3m (down 20% from 2Q 2023).
  • Net income: CN¥112.1m (down 50% from 2Q 2023).
  • Profit margin: 15% (down from 25% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.47 (down from CN¥0.93 in 2Q 2023).
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SHSE:603290 Earnings and Revenue Growth September 1st 2024

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

StarPower Semiconductor Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 21% 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 up 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - StarPower Semiconductor has 2 warning signs (and 1 which is a bit concerning) we think you should know about.