Jointown Pharmaceutical Group Second Quarter 2024 Earnings: Misses Expectations

Jointown Pharmaceutical Group (SHSE:600998) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥36.7b (down 1.5% from 2Q 2023).
• Net income: CN¥670.0m (down 14% from 2Q 2023).
• Profit margin: 1.8% (down from 2.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.14 (down from CN¥0.15 in 2Q 2023).

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

Jointown Pharmaceutical Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 11%.

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

Performance of the Chinese Healthcare industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Jointown Pharmaceutical Group that you should be aware of.

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