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.

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