Chongqing Department StoreLtd Second Quarter 2024 Earnings: EPS: CN¥0.64 (vs CN¥1.09 in 2Q 2023)

Chongqing Department StoreLtd (SHSE:600729) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.13b (down 18% from 2Q 2023).
• Net income: CN¥276.8m (down 36% from 2Q 2023).
• Profit margin: 6.7% (down from 8.6% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.64 (down from CN¥1.09 in 2Q 2023).

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

Chongqing Department StoreLtd Earnings Insights

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China.

Performance of the Chinese Multiline Retail industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Chongqing Department StoreLtd, and understanding them should be part of your investment process.

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