VeriSilicon Microelectronics (Shanghai) (SHSE:688521) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥613.9m (down 4.7% from 2Q 2023).
- Net loss: CN¥77.8m (down by 183% from CN¥93.8m profit in 2Q 2023).
- CN¥0.16 loss per share (down from CN¥0.16 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
VeriSilicon Microelectronics (Shanghai) Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company’s shares are down 9.8% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning…
