Shanghai Hi-Road Food Technology First Quarter 2024 Earnings: EPS: CN¥0.40 (vs CN¥0.26 in 1Q 2023)

Shanghai Hi-Road Food Technology (SZSE:300915) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥254.2m (up 5.8% from 1Q 2023).
• Net income: CN¥36.0m (up 53% from 1Q 2023).
• Profit margin: 14% (up from 9.8% in 1Q 2023).
• EPS: CN¥0.40 (up from CN¥0.26 in 1Q 2023).

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

Shanghai Hi-Road Food Technology Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 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 8.8% from a week ago.

Risk Analysis

Be aware that Shanghai Hi-Road Food Technology is showing 2 warning signs in our investment analysis and 1 of those is significant...

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