Stock Analysis

Zhejiang NHU Second Quarter 2024 Earnings: Beats Expectations

Published
SZSE:002001

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).
SZSE:002001 Earnings and Revenue Growth August 23rd 2024

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.