Shanghai Pharmaceuticals Holding Third Quarter 2024 Earnings: Beats Expectations

Shanghai Pharmaceuticals Holding (SHSE:601607) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥70.2b (up 8.2% from 3Q 2023).
• Net income: CN¥1.11b (down 6.3% from 3Q 2023).
• Profit margin: 1.6% (down from 1.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.30 (down from CN¥0.32 in 3Q 2023).

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

Shanghai Pharmaceuticals Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Healthcare industry in China.

Performance of the Chinese Healthcare industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

Be aware that Shanghai Pharmaceuticals Holding is showing 1 warning sign in our investment analysis that you should know about...

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