MeiHua Holdings GroupLtd Full Year 2024 Earnings: Misses Expectations

MeiHua Holdings GroupLtd (SHSE:600873) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥25.1b (down 9.7% from FY 2023).
• Net income: CN¥2.74b (down 14% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: CN¥0.94 (down from CN¥1.06 in FY 2023).

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

MeiHua Holdings GroupLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 4.6% from a week ago.

Valuation

Our analysis of these results suggests MeiHua Holdings GroupLtd may be undervalued based on 6 important criteria we look at. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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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.