Changbai Mountain Tourism Second Quarter 2024 Earnings: EPS: CN¥0.04 (vs CN¥0.058 in 2Q 2023)

Changbai Mountain Tourism (SHSE:603099) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥126.5m (up 29% from 2Q 2023).
• Net income: CN¥10.3m (down 37% from 2Q 2023).
• Profit margin: 8.2% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.04 (down from CN¥0.058 in 2Q 2023).

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

Changbai Mountain Tourism Earnings Insights

Looking ahead, revenue is forecast to grow 12% 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 6.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Changbai Mountain Tourism that we have uncovered.

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