Western Regions Tourism DevelopmentLtd Second Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.30 in 2Q 2023)

Western Regions Tourism DevelopmentLtd (SZSE:300859) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥87.3m (up 4.4% from 2Q 2023).
• Net income: CN¥41.3m (down 5.4% from 2Q 2023).
• Profit margin: 47% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.26 (down from CN¥0.30 in 2Q 2023).

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

Western Regions Tourism DevelopmentLtd Earnings Insights

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in China.

Performance of the Chinese Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Western Regions Tourism DevelopmentLtd that we have uncovered.

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