Chongqing Taiji Industry(Group)Ltd Second Quarter 2024 Earnings: EPS: CN¥0.45 (vs CN¥0.60 in 2Q 2023)
Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥3.61b (down 22% from 2Q 2023).
- Net income: CN¥247.8m (down 25% from 2Q 2023).
- Profit margin: 6.9% (down from 7.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.45 (down from CN¥0.60 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chongqing Taiji Industry(Group)Ltd Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Pharmaceuticals industry in China.
Performance of the Chinese Pharmaceuticals industry.
The company's shares are down 8.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Chongqing Taiji Industry(Group)Ltd (1 is concerning!) that you need to take into consideration.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About SHSE:600129
Chongqing Taiji Industry(Group)Ltd
Produces and sells Chinese patent medicines, western medicines, Chinese herbal medicines, and other products in China.
Undervalued with high growth potential.