Jiangsu Hengshun Vinegar-IndustryLtd Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/30 22:15

Jiangsu Hengshun Vinegar-IndustryLtd (SHSE:600305) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥544.1m (up 3.4% from 2Q 2023).
  • Net income: CN¥38.5m (down 24% from 2Q 2023).
  • Profit margin: 7.1% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.035 (down from CN¥0.048 in 2Q 2023).
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SHSE:600305 Earnings and Revenue Growth August 30th 2024

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

Jiangsu Hengshun Vinegar-IndustryLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Jiangsu Hengshun Vinegar-IndustryLtd (1 can't be ignored!) that you should be aware of before investing here.