Beijing Dabeinong Technology GroupLtd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Beijing Dabeinong Technology GroupLtd (SZSE:002385) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.39b (down 19% from 2Q 2023).
• Net income: CN¥53.6m (up from CN¥468.7m loss in 2Q 2023).
• Profit margin: 0.8% (up from net loss in 2Q 2023).
• EPS: CN¥0.015 (up from CN¥0.12 loss in 2Q 2023).

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

Beijing Dabeinong Technology GroupLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Beijing Dabeinong Technology GroupLtd (of which 1 is potentially serious!) you should know about.

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