Jason Furniture (Hangzhou)Ltd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 28, 2024

Jason Furniture (Hangzhou)Ltd (SHSE:603816) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥4.89b (down 6.9% from 3Q 2023).
Net income: CN¥462.5m (down 20% from 3Q 2023).
Profit margin: 9.5% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.56 (down from CN¥0.71 in 3Q 2023).

earnings-and-revenue-growth — SHSE:603816 Earnings and Revenue Growth October 28th 2024

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

Jason Furniture (Hangzhou)Ltd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 9.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Jason Furniture (Hangzhou)Ltd that you should be aware of.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.