Stock Analysis

China Resources Beer (Holdings) First Half 2024 Earnings: EPS: CN¥1.45 (vs CN¥1.43 in 1H 2023)

SEHK:291
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China Resources Beer (Holdings) (HKG:291) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥23.7b (flat on 1H 2023).
  • Net income: CN¥4.71b (up 1.2% from 1H 2023).
  • Profit margin: 20% (in line with 1H 2023).
  • EPS: CN¥1.45 (up from CN¥1.43 in 1H 2023).
earnings-and-revenue-growth
SEHK:291 Earnings and Revenue Growth September 13th 2024

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

China Resources Beer (Holdings) Earnings Insights

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are down 7.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on China Resources Beer (Holdings)'s balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.