Hoshine Silicon Industry Second Quarter 2024 Earnings: EPS: CN¥0.38 (vs CN¥0.66 in 2Q 2023)

Simply Wall St · 09/01 01:11

Hoshine Silicon Industry (SHSE:603260) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥7.86b (up 27% from 2Q 2023).
  • Net income: CN¥450.2m (down 42% from 2Q 2023).
  • Profit margin: 5.7% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.38 (down from CN¥0.66 in 2Q 2023).
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SHSE:603260 Earnings and Revenue Growth September 1st 2024

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

Hoshine Silicon Industry Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 9.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Hoshine Silicon Industry (at least 2 which are a bit unpleasant), and understanding these should be part of your investment process.