Ningbo Joy Intelligent Logistics TechnologyLtd First Quarter 2024 Earnings: EPS: CN¥0.06 (vs CN¥0.085 in 1Q 2023)

Simply Wall St

April 25, 2024

Ningbo Joy Intelligent Logistics TechnologyLtd (SZSE:301198) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥85.1m (down 4.4% from 1Q 2023).
Net income: CN¥9.59m (down 33% from 1Q 2023).
Profit margin: 11% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: CN¥0.06 (down from CN¥0.085 in 1Q 2023).

earnings-and-revenue-growth — SZSE:301198 Earnings and Revenue Growth April 25th 2024

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

Ningbo Joy Intelligent Logistics TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in China.

Performance of the Chinese Packaging industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Ningbo Joy Intelligent Logistics TechnologyLtd (of which 2 can't be ignored!) you should know about.

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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.