Shanghai Jahwa United Third Quarter 2024 Earnings: Misses Expectations

Shanghai Jahwa United (SHSE:600315) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.16b (down 21% from 3Q 2023).
• Net loss: CN¥75.3m (down by 181% from CN¥93.1m profit in 3Q 2023).
• CN¥0.11 loss per share (down from CN¥0.14 profit in 3Q 2023).

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

Shanghai Jahwa United Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Personal Products industry in China.

Performance of the Chinese Personal Products industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Shanghai Jahwa United that you need to be mindful of.

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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.