Dazzle Fashion First Quarter 2024 Earnings: EPS: CN¥0.23 (vs CN¥0.34 in 1Q 2023)

Dazzle Fashion (SHSE:603587) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥537.4m (down 12% from 1Q 2023).
• Net income: CN¥110.1m (down 33% from 1Q 2023).
• Profit margin: 21% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.23 (down from CN¥0.34 in 1Q 2023).

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

Dazzle Fashion Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in China.

Performance of the Chinese Luxury industry.

The company's shares are down 5.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Dazzle Fashion that you need to take into consideration.

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