Zhejiang Meorient Commerce Exhibition Second Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.35 in 2Q 2023)

Zhejiang Meorient Commerce Exhibition (SZSE:300795) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥184.0m (down 36% from 2Q 2023).
• Net income: CN¥35.9m (down 52% from 2Q 2023).
• Profit margin: 20% (down from 26% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.17 (down from CN¥0.35 in 2Q 2023).

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

Zhejiang Meorient Commerce Exhibition Earnings Insights

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are down 6.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Zhejiang Meorient Commerce Exhibition that you need to be mindful of.

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