Shanghai United Imaging Healthcare Second Quarter 2024 Earnings: Misses Expectations

Shanghai United Imaging Healthcare (SHSE:688271) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.98b (down 2.5% from 2Q 2023).
• Net income: CN¥586.9m (down 3.5% from 2Q 2023).
• Profit margin: 20% (in line with 2Q 2023).
• EPS: CN¥0.72 (down from CN¥0.74 in 2Q 2023).

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

Shanghai United Imaging Healthcare Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 8.9%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Medical Equipment industry in China.

Performance of the Chinese Medical Equipment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Shanghai United Imaging Healthcare you should know about.

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