Hua Hong Semiconductor Second Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St.08-13

Hua Hong Semiconductor (HKG:1347) Second Quarter 2024 ResultsKey Financial Results Revenue: US$478.5m (down 24% from 2Q 2023). Net income: US$6.67m (down 92% from 2Q 2023). Profit margin: 1.4% (down ...

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Net income: US$6.67m (down 92% from 2Q 2023). Profit margin: 1.4% (down ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/semiconductors/hkg-1347/hua-hong-semiconductor-shares/news/hua-hong-semiconductor-second-quarter-2024-earnings-revenues\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4523","symbol_name":"印度概念","start_time":0,"source_url":"https://simplywall.st/stocks/hk/semiconductors/hkg-1347/hua-hong-semiconductor-shares/news/hua-hong-semiconductor-second-quarter-2024-earnings-revenues","article_id":"2459914644","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8212000-choice2-main-header/1585186783100"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459914644","pubTimestamp":1723504006,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Hua Hong Semiconductor ( HKG:1347 ) Second Quarter 2024 Results Key Financial Results Revenue: US$478.5m (down 24% from...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4523":"印度概念","SG9999006597.SGD":"United China-India Dynamic Growth SGD","BK4099":"汽车制造商","BK1163":"半导体产品","01347":"华虹半导体","TTM":"塔塔汽车","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK7104":"黄金","BK1589":"北水核心资产","BK1607":"新IT概念","TTM.AU":"TITAN MINERALS LTD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD"},"translate_title":"华虹半导体2024年第二季度财报：营收令人失望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01347":1,"TTM":1,"TTM.AU":1},"content_text":"Hua Hong Semiconductor (HKG:1347) Second Quarter 2024 ResultsKey Financial Results Revenue: US$478.5m (down 24% from 2Q 2023). Net income: US$6.67m (down 92% from 2Q 2023). Profit margin: 1.4% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. EPS: US$0.004 (down from US$0.06 in 2Q 2023).  SEHK:1347 Earnings and Revenue Growth August 12th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Hua Hong Semiconductor Revenues Disappoint  Revenue missed analyst estimates by 1.4%.  Earnings per share (EPS) was mostly in line with analyst estimates.      Looking ahead, revenue is forecast to grow 15% 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 3.9% from a week ago.   Risk Analysis Don't forget that there may still be risks. For instance, we've identified   1 warning sign for Hua Hong Semiconductor  that you should be aware of. Valuation is complex, but we're here to simplify it.Discover if Hua Hong Semiconductor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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