Earnings Alerts

China Resources Microelectroni (688396) Earnings: 1H Net Income Reaches 280.3M Yuan with Revenue at 4.76B Yuan

  • China Res Microelec reported a net income of 280.3 million yuan for the first half of 2024.
  • Revenue for the same period was 4.76 billion yuan.
  • Analysts’ recommendations for the company include:
    • 12 buys
    • 2 holds
    • 2 sells

A look at China Resources Microelectroni Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Resources Microelectronics Limited, a manufacturer of electronic products and semiconductors, is poised for a promising long-term outlook based on the Smartkarma Smart Scores. With above-average ratings in Growth, Resilience, and Momentum, the company demonstrates solid potential for sustained success. Its strong Growth score suggests opportunities for expansion and development, while a high Resilience score indicates a capacity to weather economic uncertainties. Additionally, a robust Momentum score reflects positive market sentiment and operational efficiency, positioning China Resources Microelectronics as a competitive player in the industry.

Furthermore, while the company’s Value and Dividend scores are not as high as other factors, the overall outlook remains optimistic. China Resources Microelectronics’ diverse portfolio and operational expertise in open foundries, integrated circuits, and related products contribute to its strategic positioning for future growth and profitability. With a focus on investment, high technology microelectronics management, and other business ventures, China Resources Microelectronics is well-positioned to capitalize on emerging opportunities in the dynamic electronic products market.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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