Petpal Pet Nutrition Technology First Quarter 2024 Earnings: EPS Beats Expectations

Petpal Pet Nutrition Technology (SZSE:300673) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥384.4m (up 142% from 1Q 2023).
• Net income: CN¥41.7m (up from CN¥38.1m loss in 1Q 2023).
• Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
• EPS: CN¥0.17 (up from CN¥0.15 loss in 1Q 2023).

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

Petpal Pet Nutrition Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 113%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

The company's shares are up 13% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Petpal Pet Nutrition Technology's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.