Henan Shuanghui Investment & DevelopmentLtd Second Quarter 2024 Earnings: Misses Expectations
Henan Shuanghui Investment & DevelopmentLtd (SZSE:000895) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥13.4b (down 9.8% from 2Q 2023).
- Net income: CN¥1.02b (down 24% from 2Q 2023).
- Profit margin: 7.7% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.30 (down from CN¥0.39 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Henan Shuanghui Investment & DevelopmentLtd Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 26%.
Looking ahead, revenue is forecast to grow 7.5% 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 shares are down 3.2% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Henan Shuanghui Investment & DevelopmentLtd that you should be aware of before investing here.
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About SZSE:000895
Henan Shuanghui Investment & DevelopmentLtd
Henan Shuanghui Investment & Development Co.,Ltd.
Excellent balance sheet and good value.