Victory Giant Tech forecasts 73% EPS increase for 2024

Victory Giant Technology (Huizhou) Co., Ltd. (SZSE:300476) released its 2024 annual results express, projecting substantial growth in key financial metrics. The company forecasts total operating income of RMB 10.73 billion, a 35.31% increase year-over-year, and operating profit of RMB 1.29 billion, representing a 70.11% rise. Net profit attributable to shareholders is expected to reach RMB 1.16 billion, up 72.94% from the previous year, with basic earnings per share at RMB 1.35, a 73.08% increase. The company attributes its strong performance to capitalizing on the AI boom, securing major international clients and innovation in high-end PCB technology. Total assets increased by 10.35% to RMB 19.18 billion, while net assets attributable to shareholders grew by 17.16% to RMB 8.93 billion.