Hangzhou Hikvision Digital Technology (SZSE:002415) Q2 2024 results
Key Financial Results
Revenue: RMB 23.4 billion (up 9.5% from Q2 2023). Net profit: RMB 3.72 billion (down 5.6% from Q2 2023). Profit margin: 16% (down from 19% in Q2 2023). The decline in profit margin is due to increased expenses. EPS: RMB 0.32 (down from RMB 0.36 in Q2 2023). SZSE:002415 Revenue and Sales Growth 18 Aug 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Hangzhou Hikvision Digital Technology's sales and profits fall short of expectations
Revenues fell 5.2% short of analyst expectations. Earnings per share (EPS) also fell 27% short of analyst expectations.
Going forward, China's electronics industry revenues are expected to grow at an average annual rate of 18%, compared with an average annual growth rate of 12% over the next three years.
Performance of China's electronics industry.
The company's shares are up 1.3% from a week ago.
evaluation
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