Hygon Information Technology Third Quarter 2024 Earnings: EPS: CN¥0.29 (vs CN¥0.099 in 3Q 2023)

Simply Wall St · 10/16 23:09

Hygon Information Technology (SHSE:688041) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.37b (up 78% from 3Q 2023).
  • Net income: CN¥672.3m (up 200% from 3Q 2023).
  • Profit margin: 28% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.29 (up from CN¥0.099 in 3Q 2023).
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SHSE:688041 Earnings and Revenue Growth October 16th 2024

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

Hygon Information Technology Earnings Insights

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Hygon Information Technology.