Primarius Technologies Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 09/01 02:46

Primarius Technologies (SHSE:688206) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥114.2m (up 29% from 2Q 2023).
  • Net loss: CN¥4.41m (down by 486% from CN¥1.14m profit in 2Q 2023).
  • CN¥0.01 loss per share (down from CN¥0.001 profit in 2Q 2023).
earnings-and-revenue-growth
SHSE:688206 Earnings and Revenue Growth September 1st 2024

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

Primarius Technologies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 26% 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 4.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Primarius Technologies has 1 warning sign we think you should be aware of.