United Nova TechnologyLtd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 09/01 01:31

United Nova TechnologyLtd (SHSE:688469) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.53b (up 12% from 2Q 2023).
  • Net loss: CN¥228.6m (loss narrowed by 63% from 2Q 2023).
  • CN¥0.043 loss per share (improved from CN¥0.11 loss in 2Q 2023).
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SHSE:688469 Earnings and Revenue Growth September 1st 2024

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

United Nova TechnologyLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 24% 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 2.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for United Nova TechnologyLtd that you should be aware of before investing here.