Jenkem Technology First Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.78 in 1Q 2023)

Jenkem Technology (SHSE:688356) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥64.8m (down 30% from 1Q 2023).
• Net income: CN¥14.5m (down 69% from 1Q 2023).
• Profit margin: 22% (down from 51% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.24 (down from CN¥0.78 in 1Q 2023).

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

Jenkem Technology Earnings Insights

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Pharmaceuticals industry in China.

Performance of the Chinese Pharmaceuticals industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Jenkem Technology that you should be aware of before investing here.

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