Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd Second Quarter 2024 Earnings: EPS: CN¥0.12 (vs CN¥0.11 in 2Q 2023)

Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd (SHSE:601952) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.72b (down 4.0% from 2Q 2023).
• Net income: CN¥165.6m (up 2.0% from 2Q 2023).
• Profit margin: 6.1% (up from 5.7% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.12 (up from CN¥0.11 in 2Q 2023).

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

Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

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

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd that you need to be mindful of.

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