Jinhong Fashion GroupLtd Second Quarter 2024 Earnings: CN¥0.33 loss per share (vs CN¥0.12 profit in 2Q 2023)

Simply Wall St

July 22, 2024

Jinhong Fashion GroupLtd (SHSE:603518) Second Quarter 2024 Results

Key Financial Results

Net loss: CN¥114.6m (down by 381% from CN¥40.7m profit in 2Q 2023).
CN¥0.33 loss per share (down from CN¥0.12 profit in 2Q 2023).

earnings-and-revenue-growth — SHSE:603518 Earnings and Revenue Growth July 22nd 2024

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

Jinhong Fashion GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.

Performance of the Chinese Luxury industry.

The company's shares are down 6.5% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Jinhong Fashion GroupLtd that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.