Raytron TechnologyLtd Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/26 00:51

Raytron TechnologyLtd (SHSE:688002) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.13b (up 28% from 3Q 2023).
  • Net income: CN¥259.1m (up 100% from 3Q 2023).
  • Profit margin: 23% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.60 (up from CN¥0.29 in 3Q 2023).
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SHSE:688002 Earnings and Revenue Growth October 26th 2024

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

Raytron TechnologyLtd Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 78%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Raytron TechnologyLtd that you should be aware of.