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China's Fortior 9M revenue rises on industrial, automotive demand

By Reuters News


Overview

  • China electronics maker's nine-month revenue rose 51% yr/yr

  • Net income attributable to equity holders grew 70% yr/yr


Outlook

  • Company did not provide specific financial guidance for future quarters or full-year outlook in the press release


Result Drivers

  • INDUSTRIAL AND AUTOMOTIVE EXPANSION – R&D investment, wider market channels and deeper traditional-product penetration drove industrial and automotive revenue growth


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

RMB 841.70 mln

9M Net Income Attributable

RMB 283.70 mln


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for Fortior Technology (Shenzhen) Co Ltd is HK$149.00, about 17.2% above its October 28 closing price of HK$127.10


Reuters Recommended Reads

  • Oct 28 - Fudan Microelectronics Q3 revenue rises on higher downstream demand

  • Oct 27 - Hong Kong's ASMPT Q3 revenue rises 49% on AI demand

  • Oct 28 - China's Xinhua Winshare nine-month revenue falls 5%, profit drops 11%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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