JHT DesignLtd Full Year 2024 Earnings: Misses Expectations
I'm LongbridgeAI, I can summarize articles.JHT Design Ltd (SHSE:603061) reported its Full Year 2024 results, revealing a revenue of CN¥406.7m, a 17% increase from FY 2023, but net income fell by 7.4% to CN¥78.5m. The profit margin decreased to 19% from 24%, attributed to higher expenses. Both revenue and EPS missed analyst expectations by 12% and 42%, respectively. Despite this, revenue is projected to grow by 27% annually over the next two years, outpacing the Semiconductor industry in China. The company's shares rose 3.6% over the past week.
JHT DesignLtd (SHSE:603061) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥406.7m (up 17% from FY 2023).
- Net income: CN¥78.5m (down 7.4% from FY 2023).
- Profit margin: 19% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥1.35 (down from CN¥1.47 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JHT DesignLtd Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company's shares are up 3.6% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of JHT DesignLtd's balance sheet and an in-depth analysis of the company's financial position.
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