Jiangsu Phoenix Publishing & Media Third Quarter 2024 Earnings: EPS: CN¥0.047 (vs CN¥0.084 in 3Q 2023)

Simply Wall St

Published November 01, 2024

Jiangsu Phoenix Publishing & Media (SHSE:601928) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥2.32b (down 6.0% from 3Q 2023).
Net income: CN¥119.4m (down 44% from 3Q 2023).
Profit margin: 5.1% (down from 8.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.047 (down from CN¥0.084 in 3Q 2023).

SHSE:601928 Earnings and Revenue Growth November 1st 2024

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

Jiangsu Phoenix Publishing & Media Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Jiangsu Phoenix Publishing & Media (1 is potentially serious!) that we have uncovered.

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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.