Stock Analysis
COFCO Biotechnology Second Quarter 2024 Earnings: EPS: CN¥0.02 (vs CN¥0.18 loss in 2Q 2023)
COFCO Biotechnology (SZSE:000930) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥5.18b (up 8.2% from 2Q 2023).
- Net income: CN¥36.6m (up from CN¥336.7m loss in 2Q 2023).
- Profit margin: 0.7% (up from net loss in 2Q 2023).
- EPS: CN¥0.02 (up from CN¥0.18 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
COFCO Biotechnology Earnings Insights
Looking ahead, revenue is forecast to grow 1.3% 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 down 4.6% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on COFCO Biotechnology's balance sheet.
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About SZSE:000930
COFCO Biotechnology
Engages in the processing and production of biochemical products in China.