Jinling Hotel Corporation Third Quarter 2024 Earnings: EPS: CN¥0.048 (vs CN¥0.062 in 3Q 2023)

Jinling Hotel Corporation (SHSE:601007) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥483.1m (up 3.7% from 3Q 2023).
• Net income: CN¥18.6m (down 23% from 3Q 2023).
• Profit margin: 3.9% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.048 (down from CN¥0.062 in 3Q 2023).

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

Jinling Hotel Corporation Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in China.

Performance of the Chinese Hospitality industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Jinling Hotel Corporation (1 is a bit concerning!) that you should be aware of.

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