MeiHua Holdings GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.19 in 2Q 2023)

MeiHua Holdings GroupLtd (SHSE:600873) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.16b (down 7.3% from 2Q 2023).
• Net income: CN¥722.1m (up 27% from 2Q 2023).
• Profit margin: 12% (up from 8.6% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.24 (up from CN¥0.19 in 2Q 2023).

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

MeiHua Holdings GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 4.4% from a week ago.

Valuation

MeiHua Holdings GroupLtd's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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