Jiangsu Lihua Animal Husbandry Second Quarter 2024 Earnings: EPS: CN¥0.60 (vs CN¥0.24 loss in 2Q 2023)

Jiangsu Lihua Animal Husbandry (SZSE:300761) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.14b (up 17% from 2Q 2023).
• Net income: CN¥494.6m (up from CN¥200.7m loss in 2Q 2023).
• Profit margin: 12% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: CN¥0.60 (up from CN¥0.24 loss in 2Q 2023).

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

Jiangsu Lihua Animal Husbandry Earnings Insights

Looking ahead, revenue is forecast to grow 9.7% 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 3.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Jiangsu Lihua Animal Husbandry's balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com