Qingdao Hiron Commercial Cold Chain First Quarter 2024 Earnings: EPS: CN¥0.30 (vs CN¥0.30 in 1Q 2023)

Qingdao Hiron Commercial Cold Chain (SHSE:603187) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥851.6m (down 4.3% from 1Q 2023).
• Net income: CN¥114.7m (down 1.7% from 1Q 2023).
• Profit margin: 14% (in line with 1Q 2023).
• EPS: CN¥0.30 (in line with 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Qingdao Hiron Commercial Cold Chain Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Qingdao Hiron Commercial Cold Chain that we have uncovered.

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