Zhejiang Huace Film & TV First Quarter 2024 Earnings: EPS: CN¥0.02 (vs CN¥0.08 in 1Q 2023)

Zhejiang Huace Film & TV (SZSE:300133) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥176.5m (down 82% from 1Q 2023).
• Net income: CN¥30.0m (down 80% from 1Q 2023).
• Profit margin: 17% (up from 15% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.02 (down from CN¥0.08 in 1Q 2023).

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

Zhejiang Huace Film & TV Earnings Insights

Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Our analysis of these results suggests Zhejiang Huace Film & TV may be overvalued based on 6 important criteria we look at. 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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