Jiumaojiu International Holdings First Half 2024 Earnings: In Line With Expectations

Jiumaojiu International Holdings (HKG:9922) First Half 2024 Results

Key Financial Results

• Revenue: CN¥3.06b (up 6.4% from 1H 2023).
• Net income: CN¥72.3m (down 68% from 1H 2023).
• Profit margin: 2.4% (down from 7.7% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.05 (down from CN¥0.15 in 1H 2023).

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

Jiumaojiu International Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 55% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Jiumaojiu International Holdings that you should be aware of.

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