AcrobiosystemsLtd Second Quarter 2024 Earnings: EPS: CN¥0.22 (vs CN¥0.39 in 2Q 2023)

AcrobiosystemsLtd (SZSE:301080) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥153.4m (up 17% from 2Q 2023).
• Net income: CN¥26.0m (down 44% from 2Q 2023).
• Profit margin: 17% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.22 (down from CN¥0.39 in 2Q 2023).

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

AcrobiosystemsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Biotechs industry in China.

Performance of the Chinese Biotechs industry.

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

Risk Analysis

Be aware that AcrobiosystemsLtd is showing 3 warning signs in our investment analysis and 2 of those shouldn't be ignored...

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