Hua Hong Semiconductor (HKG:1347) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.00b (down 12% from FY 2023).
- Net income: US$58.1m (down 79% from FY 2023).
- Profit margin: 2.9% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.034 (down from US$0.19 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hua Hong Semiconductor EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong.
Performance of the Hong Kong Semiconductor industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Hua Hong Semiconductor (1 is a bit unpleasant!) that you need to take into consideration.
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