Zhejiang Jiemei Electronic And Technology First Half 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.23 in 1H 2023)

Zhejiang Jiemei Electronic And Technology (SZSE:002859) First Half 2024 Results

Key Financial Results

• Revenue: CN¥839.3m (up 18% from 1H 2023).
• Net income: CN¥121.3m (up 21% from 1H 2023).
• Profit margin: 14% (in line with 1H 2023).
• EPS: CN¥0.28 (up from CN¥0.23 in 1H 2023).

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

Zhejiang Jiemei Electronic And Technology Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in China.

Performance of the Chinese Packaging industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Zhejiang Jiemei Electronic And Technology (1 makes us a bit uncomfortable!) that you need to take into consideration.

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