Stock Analysis
Qingdao KutesmartLtd First Quarter 2024 Earnings: EPS: CN¥0.48 (vs CN¥0.12 in 1Q 2023)
Qingdao KutesmartLtd (SZSE:300840) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥167.6m (up 1.8% from 1Q 2023).
- Net income: CN¥114.3m (up 292% from 1Q 2023).
- Profit margin: 68% (up from 18% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: CN¥0.48 (up from CN¥0.12 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Qingdao KutesmartLtd Earnings Insights
Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Luxury industry in China.
Performance of the Chinese Luxury industry.
The company's shares are up 4.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Qingdao KutesmartLtd that you should be aware of.
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About SZSE:300840
Qingdao KutesmartLtd
Qingdao Kute Smart Co Ltd. manufactures and sells men's, women's, and children’s wear in China and internationally.
Flawless balance sheet with proven track record.