Tianma Microelec FY net income 167.4M yuan
TL;DR
Tianma Microelectronics reported a full-year net loss of CNY 2,097.59 million for 2023, a sharp decline from a net income of CNY 111.69 million in 2022, despite modest revenue growth to CNY 32,271.31 million. The company posted a quarterly net income of CNY 107.22 million, with mixed financial metrics including a low net profit margin and high debt-to-equity ratio, indicating ongoing operational challenges.
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Tianma Microelectronics Co., Ltd. (000050.SZ) reported a net loss of CNY 2,097.59 million for the fiscal year ended December 31, 2023, marking a significant shift from a net income of CNY 111.69 million in the prior year. Annual revenue rose to CNY 32,271.31 million, up from CNY 31,447.48 million in 2022, reflecting modest growth despite broader industry challenges. On a quarterly basis, the company posted a net income of CNY 107.22 million for the latest quarter, with revenue reaching CNY 9,187.63 million. Year-over-year quarterly comparisons show slight revenue gains but a marginal decline in net income.
Financial metrics indicate mixed performance: the company's trailing twelve-month (TTM) net profit margin stands at 0.32%, while its gross margin is 14.45%. Tianma Microelectronics also maintains a debt-to-equity ratio of 99.16%, highlighting elevated leverage relative to industry benchmarks. Earnings per share (EPS) for the latest quarter were -0.01, contrasting with a TTM EPS of 0.05.
The firm's return on investment (TTM) is 0.22%, underscoring subdued profitability amid operational pressures. While annual revenue growth suggests resilience, the full-year net loss underscores ongoing challenges in cost management and margin preservation. Investors are advised to monitor quarterly performance trends and balance sheet developments as key indicators of the company's financial trajectory.
