Anhui Golden Seed Winery First Quarter 2024 Earnings: EPS: CN¥0.027 (vs CN¥0.063 loss in 1Q 2023)

Anhui Golden Seed Winery (SHSE:600199) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥419.4m (down 3.0% from 1Q 2023).
• Net income: CN¥17.6m (up from CN¥41.2m loss in 1Q 2023).
• Profit margin: 4.2% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses.
• EPS: CN¥0.027 (up from CN¥0.063 loss in 1Q 2023).

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

Anhui Golden Seed Winery Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Beverage industry in China.

Performance of the Chinese Beverage industry.

The company's shares are up 1.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Anhui Golden Seed Winery's balance sheet health.

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