Anhui Jinhe IndustrialLtd Second Quarter 2024 Earnings: EPS: CN¥0.21 (vs CN¥0.29 in 2Q 2023)

Anhui Jinhe IndustrialLtd (SZSE:002597) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.32b (up 2.6% from 2Q 2023).
• Net income: CN¥117.9m (down 25% from 2Q 2023).
• Profit margin: 8.9% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.21 (down from CN¥0.29 in 2Q 2023).

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

Anhui Jinhe IndustrialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 13% 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 11% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Anhui Jinhe IndustrialLtd could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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