Stock Analysis

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

SHSE:603816
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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.

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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.