Xueda (Xiamen) Education Technology Group Second Quarter 2024 Earnings: EPS: CN¥0.95 (vs CN¥0.71 in 2Q 2023)

Simply Wall St · 08/30 22:59

Xueda (Xiamen) Education Technology Group (SZSE:000526) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥914.6m (up 25% from 2Q 2023).
  • Net income: CN¥111.4m (up 33% from 2Q 2023).
  • Profit margin: 12% (in line with 2Q 2023).
  • EPS: CN¥0.95 (up from CN¥0.71 in 2Q 2023).
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SZSE:000526 Earnings and Revenue Growth August 30th 2024

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

Xueda (Xiamen) Education Technology Group Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Consumer Services industry in China.

Performance of the Chinese Consumer Services industry.

The company's shares are down 4.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Xueda (Xiamen) Education Technology Group's balance sheet.