Jiangsu Kanion PharmaceuticalLtd Second Quarter 2024 Earnings: EPS: CN¥0.20 (vs CN¥0.22 in 2Q 2023)

Jiangsu Kanion PharmaceuticalLtd (SHSE:600557) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥900.8m (down 25% from 2Q 2023).
• Net income: CN¥117.4m (down 13% from 2Q 2023).
• Profit margin: 13% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.20 (down from CN¥0.22 in 2Q 2023).

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

Jiangsu Kanion PharmaceuticalLtd Earnings Insights

Looking ahead, revenue is forecast to grow 20% 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 5.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Jiangsu Kanion PharmaceuticalLtd that we have uncovered.

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