SG Micro Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 09/01 00:43

SG Micro (SZSE:300661) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥847.4m (up 33% from 2Q 2023).
  • Net income: CN¥124.3m (up 109% from 2Q 2023).
  • Profit margin: 15% (up from 9.4% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.26 (up from CN¥0.13 in 2Q 2023).
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SZSE:300661 Earnings and Revenue Growth September 1st 2024

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

SG Micro Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 5.0%.

Looking ahead, revenue is forecast to grow 20% 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 10% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of SG Micro's balance sheet and an in-depth analysis of the company's financial position.