Stock Analysis
Zhejiang NHU Second Quarter 2024 Earnings: Beats Expectations
Zhejiang NHU (SZSE:002001) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥5.35b (up 41% from 2Q 2023).
- Net income: CN¥1.33b (up 59% from 2Q 2023).
- Profit margin: 25% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.43 (up from CN¥0.27 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhejiang NHU Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 9.3% 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 5.3% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Zhejiang NHU that you should be aware of before investing 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.
About SZSE:002001
Zhejiang NHU
Engages in the production and sale of nutrition, flavor and fragrance, and new polymer materials in the People’s Republic of China.