XiangcaiLtd First Quarter 2024 Earnings: EPS: CN¥0.032 (vs CN¥0.054 in 1Q 2023)

XiangcaiLtd (SHSE:600095) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥461.2m (up 4.8% from 1Q 2023).
• Net income: CN¥90.6m (down 41% from 1Q 2023).
• Profit margin: 20% (down from 35% in 1Q 2023).
• EPS: CN¥0.032 (down from CN¥0.054 in 1Q 2023).

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

XiangcaiLtd Earnings Insights

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for XiangcaiLtd you should be aware of.

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