Zhejiang Development GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.091 (vs CN¥0.26 in 2Q 2023)

Zhejiang Development GroupLtd (SZSE:000906) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥54.2b (flat on 2Q 2023).
• Net income: CN¥74.2m (down 62% from 2Q 2023).
• Profit margin: 0.1% (down from 0.4% in 2Q 2023).
• EPS: CN¥0.091 (down from CN¥0.26 in 2Q 2023).

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

Zhejiang Development GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Trade Distributors industry in China.

Performance of the Chinese Trade Distributors industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with Zhejiang Development GroupLtd (including 2 which are concerning).

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