Xin HeeLtd Second Quarter 2024 Earnings: CN¥0.002 loss per share (vs CN¥0.10 profit in 2Q 2023)

Xin HeeLtd (SZSE:003016) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥336.7m (down 25% from 2Q 2023).
• Net loss: CN¥969.8k (down by 102% from CN¥46.8m profit in 2Q 2023).
• CN¥0.002 loss per share (down from CN¥0.10 profit in 2Q 2023).

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

Xin HeeLtd Earnings Insights

Looking ahead, revenue is forecast to grow 9.7% 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 up 5.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Xin HeeLtd (1 doesn't sit too well with us!) that you need to take into consideration.

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.