Flat Glass Group Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St.08-29

Flat Glass Group (HKG:6865) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥4.97b (up 15% from 2Q 2023). Net income: CN¥738.7m (up 29% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q...

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Net income: CN¥738.7m (up 29% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/semiconductors/hkg-6865/flat-glass-group-shares/news/flat-glass-group-second-quarter-2024-earnings-misses-expecta\">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-6865/flat-glass-group-shares/news/flat-glass-group-second-quarter-2024-earnings-misses-expecta","article_id":"2463587472","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8212000-choice1-main-header/1585186704996"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463587472","pubTimestamp":1724897188,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Flat Glass Group ( HKG:6865 ) Second Quarter 2024 Results Key Financial Results Revenue: CN¥4.97b (up 15% from 2Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4523":"印度概念","BK1594":"碳中和概念股","BK1169":"半导体设备","BK1554":"光伏太阳能股","06865":"福莱特玻璃","TTM.AU":"TITAN MINERALS LTD","BK4099":"汽车制造商","TTM":"塔塔汽车","BK7104":"黄金"},"translate_title":"福莱特玻璃集团2024年第二季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06865":1,"TTM":1,"TTM.AU":1},"content_text":"Flat Glass Group (HKG:6865) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥4.97b (up 15% from 2Q 2023). Net income: CN¥738.7m (up 29% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. EPS: CN¥0.32 (up from CN¥0.27 in 2Q 2023).  SEHK:6865 Earnings and Revenue Growth August 29th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Flat Glass Group Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 18%.  Earnings per share (EPS) also missed analyst estimates by 24%.      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 share price is broadly unchanged from a week ago.   Risk Analysis You still need to take note of risks, for example - Flat Glass Group has   1 warning sign   we think you should be aware of. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave 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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