JoulWatt Technology (SHSE:688141) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥1.33b (down 8.0% from FY 2022).
- Net loss: CN¥535.3m (down by 490% from CN¥137.2m profit in FY 2022).
- CN¥1.20 loss per share (down from CN¥0.35 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JoulWatt Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 34%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company’s shares are up 13% from a week ago.
Risk Analysis
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