China MeiDong Auto Holdings First Half 2024 Earnings: CN¥0.02 loss per share (vs CN¥0.029 profit in 1H 2023)

China MeiDong Auto Holdings (HKG:1268) First Half 2024 Results

Key Financial Results

• Revenue: CN¥10.7b (down 24% from 1H 2023).
• Net loss: CN¥27.0m (down by 169% from CN¥39.0m profit in 1H 2023).
• CN¥0.02 loss per share (down from CN¥0.029 profit in 1H 2023).

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

China MeiDong Auto Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Specialty Retail industry in Hong Kong.

Performance of the Hong Kong Specialty Retail industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for China MeiDong Auto Holdings that we have uncovered.

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